Neufund shuts down security token platform, blames regulators
Neufund, one of the pioneers in the securities tokens has called it quits despite achieving moderate success in the field. It blamed regulators for lack of guidance.
Latest BaFin News
Digital currency-backed ETP to be traded on Deutsche Boerse
Bitcoin Exchange Traded Crypto will list on Deutsche Boerse’s Xetra market in Frankfurt.
German regulator warns against digital currency and forex broker
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 issues cease order to crypto ATM operator
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.
Germany’s financial regulator weighs in on crypto custody
BaFin provides in-depth explanations of crypto custody as Germany advances crypto regulations.
This week in tech: More countries implement positive regulations
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.
40 German banks apply to offer crypto custody
BaFin has been reportedly inundated with requests from at least 40 banks seeking to offer crypto custody services in Germany.
South Africa lifts warning on KBC Coin, leaves investors on their own
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 advises crypto investors to steer clear of unlicensed 5 Capital
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.
Gold-backed crypto scam shut down in Germany
BaFin regulators ordered the Belize-registered Karatbit Foundation to cease and desist and settle any claims that remain outstanding.
Black Manta Capital Partners receives BaFin license
Black Manta Capital Partners waited nine months for its license, but can now operate its securities platform in Germany.
Germany’s financial regulator forces closure of UK crypto firm
Finatex Ltd. has been order to close parts of its activities by Germany’s Federal Financial Supervisory Authority (BaFin), according to an announcement on the BaFin website.