online resources

Owning a Bitcoin ATM is about to get a lot harder in Germany

Blockchain regulation continues to increase and it isn't likely to slow down any time soon. In an effort to increase the country's legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany's financial regulator, BaFin, a Sept. 8 statement from the entity said.  "Proprietary trading is a financial service and financial commission business is a banking business, for which prior approval from BaFin is required." This does not appear so much as a new ruling as it does…

Continue Reading Owning a Bitcoin ATM is about to get a lot harder in Germany

Germany Imposes Licensing Requirement on Bitcoin ATM Operators  

The cryptocurrency Automated Teller Machine (ATM) space is growing at an impressive pace, with thousands of devices manufactured and installed yearly. However, their propensity to facilitate possible cybercrime has led to countries’ financial regulators turning their attention to the tools. No More Leeway The latest country to be doing so is Germany, as the Federal Financial Supervisory Authority (BaFin) has now mandated that any company looking to install Bitcoin ATMs will need to seek approval from it first.  According to a press release published earlier this week, BaFin explained that ATM operators would need to seek approval to operate in Germany,…

Continue Reading Germany Imposes Licensing Requirement on Bitcoin ATM Operators  

New German Bill Aims to Introduce Digitized Securities 

Blockchain technology has begun making an entrance into the global financial space. With several Asian countries already sold on its ability to transform financial life, Germany appears to be toeing the line. Last week, Germany’s Federal Ministry of Finance (BMF), in association with the Federal Ministry of Justice and Consumer Protection (BMJV), introduced a new bill that would allow for blockchain-based securities digitization. Improved Securities Trading for German Finance Firms Per an official press release, a draft of the bill showed both authorities throwing their weight behind digital securities. As they explained, current German legislation explains that all financial instruments…

Continue Reading New German Bill Aims to Introduce Digitized Securities 

End of content

No more pages to load