The German Federal Financial Supervisory Authority (BaFin) has issued a cryptocurrency custody license to BitGo, a company based in the United States. Headquartered in Palo Alto, California, BitGo initially established two regulated custodial organizations in Germany and Switzerland in February 2020. Also, BitGo Deutschland, a German affiliate, began offering custody
Deutsche Bank AG, the biggest bank in Germany, has just submitted an application to the appropriate authorities to begin providing custody services for digital assets like cryptocurrencies. This change, according to Deutsche Bank’s head of commercial banking, David Lynne, is part of the bank’s larger goal to boost fee revenue
The German Federal Financial Supervisory Authority (BaFin) issued the final license as a cryptocurrency custodian to Boerse Stuttgart Digital’s subsidiary, blocknox GmbH on Thursday. This comes at a time when the stock markets throughout the world have begun to recover. From the recent plunge caused by the downfall of major
DZ Bank is a subsidiary of Volksbanken Raiffeisenbanken, one of Germany’s major banking conglomerates. It has announced that it would use a platform developed by fintech company Metaco. To provide services related to digital currencies and crypto securities to institutional customers. Moreover, DZ Bank, Germany’s second-largest bank in terms of
Siemens, a German industrial and technology behemoth, has issued a digital bond on a public blockchain. Making it one of the first firms in Germany to do so. In compliance with the German Electronic Securities Act, it has a value of 60 million euros ($64 million) and a maturity of
With the help of digital asset company Metaco, the 105-year-old German bank DekaBank plans to introduce a tokenization platform built on the blockchain. Digital asset custody executive at DekaBank Andreas Sack said the organization aims to deliver its blockchain platform in 2024. With the underlying infrastructure completed by 2023. Sack
Within a year, the pair processed 320M euros in payments from Onecoin users. Ignatova is now sought by Interpol, Europol, and the FBI. The first Europeans to face criminal prosecution for their involvement in the Onecoin crypto fraud are a married couple and a lawyer from Munich. Bloomberg said that
CEO Kristina Walcker-Mayer of the German firm announced the shutdown. The company first debuted in 2015 under the name Bitwala. As the CEO said, the trade will be possible on the platform until November 30th, 2022. Following a temporary insolvency filing by Nuri in August, the company has now made
There may be a bear market going on, but it hasn’t stopped businesses from entering the crypto sector. In reality, conventional financial institutions have begun dipping their toes into the crypto industry by providing products to meet the needs of market participants. On Thursday, European digital bank N26 said it
The raid happened in Frankfurt and comprised over 100 investigators. As of today’s inquiry, Deutsche is suspected of dividend stripping. On Tuesday, Deutsche Bank said that it is cooperating with authorities investigating a tax fraud case that dates back at least ten years. The biggest German bank is only one
