German market regulator has warned the public against digital currency, stocks, forex and CFDs broker EasyTrade55 which it says isn’t licensed in Germany.
Germany’s financial market regulator has issued a cease order to KKT UG, a company that allows its clients to buy and sell cryptos and operates crypto ATM.
As more industries continue to adopt blockchain and cryptos, authorities are striving to keep up with Belgium, Germany, Japan and more making moves this week.
BaFin has been reportedly inundated with requests from at least 40 banks seeking to offer crypto custody services in Germany.
South African financial regulator has lifted an earlier warning against Karatbars controversial KBC Coin, saying that its products don’t qualify as financial products.
BaFin had prohibited Bulgarian cryptocurrency broker 5 Capital from being able to operate within the country as they have been unlawfully issuing contracts for difference.
BaFin regulators ordered the Belize-registered Karatbit Foundation to cease and desist and settle any claims that remain outstanding.
Black Manta Capital Partners waited nine months for its license, but can now operate its securities platform in Germany.