BaFin

Crypto Finance AG, a subsidiary of Deutsche Börse Group specializing in institutional-grade investment solutions for digital assets, has been granted four licenses by the German Federal Financial Supervisory Authority (BaFin). These licenses authorize Crypto Finance (Deutschland) GmbH to...

A fully collateralized euro-backed stablecoin is expected to be launched within 18 months, pending the approval of an e-money license by Germany's Federal Financial Supervisory Authority (BaFin). What Happened: Deutsche Bank’s (NYSE: DB) DWS Group, Dutch market maker Flow Traders Ltd.,...

U.S.-regulated cryptocurrency custody firm, BitGo received a crypto custody license from the German Federal Financial Supervisory Authority (BaFin). The firm already stored crypto assets under the regulator's supervision since 2019 as part of a transitional regime. BitGo’s step, as...

Germany's financial regulator, BaFin, has issued a warning against cryptocurrency exchange MEXC for offering crypto custody services without the requisite approval. The warning accentuates the mandatory regulatory permission needed by entities to offer financial services within Germany. The...

As part of Coinbase Global Inc.'s (NASDAQ: COIN) international market strategy, “Go Broad, Go Deep,” the exchange selected Germany as its base of operations for enhanced product offerings across Europe. This is part of the company’s Phase II of its international strategy...

Boerse Stuttgart Digital is joining forces with insurance company Munich Re Group to introduce an insured staking solution. This collaboration aims to set a new benchmark for staking security in Europe, catering primarily to institutional investors. The upcoming Benzinga's Future of...

In yet another blow to Binance (CRYPTO: BNB), Bafin, the German financial watchdog, has denied the crypto exchange a much-anticipated license that would have allowed it to operate and expand in the country.  Jonas Jiinger, who recently took over as the head of Binance in Germany, was...

Deutsche Bank AG (NYSE: DB) is taking proactive steps toward entering the digital assets space. What Happened: The Frankfurt, Germany-based investment bank formally requesting regulatory approval to provide custody services for cryptocurrencies and other digital assets. "We’re...

Rating agency Fitch sees some of the large German banks reducing or eliminating trading activities in the face of new regulations rather than split into two institutions. The comments come following news last week that German regulators agreed to draft legislation that requires that banks cannot...