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BaFin

German-based 21X obtains EU license, eyes tokenization platform
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12 December, 2024

German-based 21X obtains EU license, eyes tokenization platform

Germany-based 21X received full approval from Germany’s financial authority, BaFIN. Meanwhile, MGA has been licensed by Italian authorities to operate...
Kraken blocks German customers from Lightning Network
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18 September, 2024

Kraken blocks German customers from Lightning Network

Kraken's move to block German customers remains unclear, with the exchange providing conflicting explanations from site maintenance to dropping support...
Germany seizes 13 BTC ATMs, nearly $280K in fresh crackdown
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26 August, 2024

Germany seizes 13 BTC ATMs, nearly $280K in fresh crackdown

Germany’s financial market watchdog, BaFin, says the ATMs were operating illegally in breach of the country’s Banking Act and have...
German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy
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26 March, 2024

German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy

Bafin's Director, Dr. Thorsten Pötzsch, has highlighted the need for practical EU regulation and also called for companies to "manage...
Deutsche Bank strikes partnership with Taurus to offer digital currency custodial services
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24 September, 2023

Deutsche Bank strikes partnership with Taurus to offer digital currency custodial services

Deutsche Bank partners with Taurus to offer digital asset custody services, aligning with EU's MiCA regulation, and marking a strategic...
Binance’s ever-shrinking European footprint loses EUR payment rail
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30 June, 2023

Binance’s ever-shrinking European footprint loses EUR payment rail

Germany’s Bafin had decided against issuing Binance a license to custody digital currencies, stating that this decision had been communicated...
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