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German regulator BaFin suggests a 'case-by-case' approach for NFTs.
#nftcommunity #NFT #nftfi #nftroyalty #BaFin
#nftcommunity #NFT #nftfi #nftroyalty #BaFin
The Stuttgart Stock Exchange Division receives BaFin authorization for Crypto Holdings
Blocknox, part of Boerse Stuttgart’s digital division, has received final approval as a crypto custodian from the country’s financial regulator, BaFin.
The license means Boerse Stuttgart Digital will be able to offer institutional investors in crypto trading and securities services, Germany’s second largest exchange said in an email on Thursday.
Among the companies he plans to use this offer are banks, retailers, property managers and family businesses. BaFin’s license will allow the exchange to provide “a fully regulated market in Germany for the trading, trading and holding of digital assets,” CEO Matthias Voelkel said in an email.
Boerse Stuttgart, which is the sixth largest exchange in Europe and ranks behind the Frankfurt Stock Exchange in Germany, has been involved in crypto operations for several years. It unveiled a crypto trading tool, Bison, in 2018, saying it was worth more than $2.4 billion in trading volume by 2021.
The company did not immediately respond to CoinDesk’s request for recent figures.
#BaFin #crypto2023 #Binance
The license means Boerse Stuttgart Digital will be able to offer institutional investors in crypto trading and securities services, Germany’s second largest exchange said in an email on Thursday.
Among the companies he plans to use this offer are banks, retailers, property managers and family businesses. BaFin’s license will allow the exchange to provide “a fully regulated market in Germany for the trading, trading and holding of digital assets,” CEO Matthias Voelkel said in an email.
Boerse Stuttgart, which is the sixth largest exchange in Europe and ranks behind the Frankfurt Stock Exchange in Germany, has been involved in crypto operations for several years. It unveiled a crypto trading tool, Bison, in 2018, saying it was worth more than $2.4 billion in trading volume by 2021.
The company did not immediately respond to CoinDesk’s request for recent figures.
#BaFin #crypto2023 #Binance
DZ Bank, the third-largest German bank, is entering the world of crypto custody for institutional investors. 🏦💸
- DZ Bank AG has introduced its own digital asset custody platform, utilizing blockchain technology. This platform is designed to serve institutional clients and offer them access to crypto securities, such as the crypto bond from Siemens.
- The Head of Securities Services & Digital Custody at DZ Bank, Holger Meffert, expressed the bank's keen interest in distributed ledger technology (DLT). He predicts that a significant portion of capital market business will be processed through DLT-based infrastructures within the next decade, seeing DLT as a complementary technology to existing capital market processes.
- DZ Bank has applied for a crypto custody license from the Federal Financial Supervisory Authority (BaFin) in June 2023. This move signifies their intention to allow institutional investors and private customers to purchase cryptocurrencies, including Bitcoin, in the future.
- This initiative by DZ Bank reflects a broader trend among German banks towards embracing cryptocurrencies and blockchain technology, despite the country's strict regulatory environment. Other financial institutions, including Deutsche WertpapierServiceBank (Dwpbank), asset management group DWS, Commerzbank, and DekaBank, are also pursuing crypto custody licenses, aiming to provide customers with access to the world of digital assets.
In summary, DZ Bank's foray into crypto custody is a significant development, highlighting the growing interest and adoption of cryptocurrencies and blockchain technology by traditional financial institutions in Germany.
#dzbank #DWS #dekabank #Germany #BaFin
- DZ Bank AG has introduced its own digital asset custody platform, utilizing blockchain technology. This platform is designed to serve institutional clients and offer them access to crypto securities, such as the crypto bond from Siemens.
- The Head of Securities Services & Digital Custody at DZ Bank, Holger Meffert, expressed the bank's keen interest in distributed ledger technology (DLT). He predicts that a significant portion of capital market business will be processed through DLT-based infrastructures within the next decade, seeing DLT as a complementary technology to existing capital market processes.
- DZ Bank has applied for a crypto custody license from the Federal Financial Supervisory Authority (BaFin) in June 2023. This move signifies their intention to allow institutional investors and private customers to purchase cryptocurrencies, including Bitcoin, in the future.
- This initiative by DZ Bank reflects a broader trend among German banks towards embracing cryptocurrencies and blockchain technology, despite the country's strict regulatory environment. Other financial institutions, including Deutsche WertpapierServiceBank (Dwpbank), asset management group DWS, Commerzbank, and DekaBank, are also pursuing crypto custody licenses, aiming to provide customers with access to the world of digital assets.
In summary, DZ Bank's foray into crypto custody is a significant development, highlighting the growing interest and adoption of cryptocurrencies and blockchain technology by traditional financial institutions in Germany.
#dzbank #DWS #dekabank #Germany #BaFin
**🚨 Breaking News: 🇩🇪 BaFin issues consumer alert, accuses MEXC of offering online financial services without approval, specifically highlighting unauthorized custody services. 🚫💻 #BaFin #MEXC #CryptoExchange
