Germany’s central bank president has urged faster progress on euro-pegged stablecoins and a retail central bank digital currency (CBDC), arguing that such tools are necessary to reduce the European Union’s dependence on U.S. dollar-based payment systems. Speaking at the New Year’s Reception of the American Chamber of Commerce in Frankfurt
Germany’s second-largest bank, DZ Bank, has gained regulatory authority to run a cryptocurrency trading platform under Europe’s Markets in Crypto-Assets Regulation (MiCAR), as it enables the institutions to trade major cryptos directly through the bank’s interface. According to the announcement, with the authorization from the German financial regulator, BaFin, DZ
German law enforcement has confiscated €34 million ($38 million) in cryptocurrency from eXch, a crypto-swapping platform tied to the $1.4 billion Bybit hack. Authorities announced the seizure on May 9, calling it the third-largest crypto confiscation in Germany’s history. The Federal Criminal Police Office (BKA) and Frankfurt’s prosecutor’s office led
The recent market crash has sparked tremendous debate within the digital assets community. While most take a negative outlook, a few members such as asset manager Ark Invest CEO Cathie Wood have a varied perspective. Wood believes that this could be the final leg of a rolling recession, meaning upward
Christian Lindner, Germany’s former finance minister, has urged the European Central Bank (ECB) and the Bundesbank to adopt Bitcoin in their reserves. He praised the U.S. administration’s crypto policies under Donald Trump, calling them “progressive” and forward-thinking. Lindner emphasized that Europe should avoid lagging in the global shift toward digital
21X, a German fintech firm, has secured regulatory approval from BaFin, Germany’s financial supervisory authority, to operate a blockchain-based tokenization platform. This approval marks the first time an entity has been granted a license for a fully regulated trading and settlement system under the EU’s DLT Pilot Regime (DLTR). Also,
While the enthusiasm over the Bitcoin market is soaring every day, Germany’s recent decision to sell nearly 50,000 BTC at $53,000 per coin during June and July has led to an estimated “$1.84 billion in missed profits” as Bitcoin surged to a new all-time high of $89,956.88. At the current
Germany’s Samara Asset Group (AG) has announced plans to invest up to €30 million in Bitcoin. This move is part of a broader strategy to increase its exposure to the cryptocurrency market. Samara AG is following a similar path to that of MicroStrategy, a company known for its significant Bitcoin
In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital
Commerzbank, Germany’s second-largest bank by branches, has partnered with Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, to provide crypto trading services for its corporate clients. According to the announcement, this move will initially focus on Bitcoin (BTC) and Ethereum (ETH), allowing businesses to easily and securely engage
