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German Banks Authorized for Crypto Custody and Sales in 2020

German Banks Authorized for Crypto Custody and Sales in 2020

In 2020, German banks will be legislatively authorized to sell and provide custody of cryptocurrencies as reported by German newspaper Handelsblatt.

German Policymakers Cannot Accept Facebook’s Libra

German Policymakers Cannot Accept Facebook’s Libra

The German cabinet is expected to adopt a comprehensive blockchain strategy with the aim of digitally enhancing its economy. The strategy also consists of plans to tackle risky new technologies such as Libra, which German policymakers fear could become an alternative currency.

40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody

40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody

Many German banks have filed a request to introduce a digital asset custody business. Germany’s Federal Financial Supervisory Authority, popularly identified as BaFin, has received over 40 applications from German banks interested in offering crypto custody services.

German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro

German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro

German Finance Minister, Olaf Scholz, sees the digital euro as an ideal innovation to meet the high demand for digital money from businesses and consumers in Europe.

German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients

German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients

German Stock Exchange Boerse Stuttgart has made an announcement that its subsidiary Blocknox is expanding its crypto custody service to institutional players.

German Startup Plans to Launch Bitcoin ETN on Frankfurt, Luxembourg Stock Exchanges

German Startup Plans to Launch Bitcoin ETN on Frankfurt, Luxembourg Stock Exchanges

Iconic, a German startup wants to integrate cryptocurrency into the stock market through the listing of their bitcoin derivative (ETN) with regulated trading on Frankfurt and the Luxembourg Stock Exchange.

German Government to Revamp its Energy Sector with Blockchain-Based Strategy

German Government to Revamp its Energy Sector with Blockchain-Based Strategy

The German government intends to propel efficiency and productivity in its energy sector. As a result, it intends to use blockchain technology to attain this objective as stated by the country's Federal Minister of Economics, Peter Altmaier.

German Authorities Clamps Down on 'Shitcoins club' Bitcoin ATM Operations

German Authorities Clamps Down on 'Shitcoins club' Bitcoin ATM Operations

Germany’s financial regulator (BaFin) has moved to stop the operations of Shitcoins Club, a popular Bitcoin ATM operator in the country.

Bitpanda is Germany's first "European retail" crypto platform.

Bitpanda is Germany's first "European retail" crypto platform.

Bitpanda has a crypto custody license from BaFin. Austrian crypto exchange can legally market to Germans. Bitpanda is regulated in Austria, the UK, Italy, the Czech Republic, Spain, Sweden, and France.

Allianz Advances with Blockchain-Based Token System

Allianz Advances with Blockchain-Based Token System

As the growing adoption of blockchain technology approaches the mainstream enterprises, the insurance giant, Allianz has also entered the blockchain sector.

Commerzbank Applies for Crypto License

Commerzbank Applies for Crypto License

After the German commercial bank (Commerzbank) earlier this year applied for license encryption, if they are licensed, will become the country's first major bank to provide encryption currency.

German Authority Cautions Of New Banking And Crypto Malware "Godfather"

German Authority Cautions Of New Banking And Crypto Malware "Godfather"

On Jan. 9, Germany's Federal Financial Supervisory Authority (BaFin) issued a warning about Godfather, a spyware that steals user data from banking and crypto applications. The agency has yet to ascertain how the virus assaults consumers' devices. In December, reports indicated that Godfather was targeting Android users in 16 countries.

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