Sonnen, a subsidiary of the Royal Dutch Shell has launched a virtual power plant that will be powered by blockchain and will absorb and store wind power.
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.
Blocknox, a subsidiary of leading German stock exchange Boerse Stuttgart, currently provides crypto custody on an “escrow basis”.
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.
In the German-speaking countries, Bitcoin SV seems to be underrepresented in the crypto news. One could even argue there is quite a negative connotation in almost all German reporting about BSV so far.
Saudi and UAE to launch CBDC, Afghan using blockchain in healthcare, HSBC and Bank of New York launch blockchain projects and more.
Germany is implementing policies and regulations for the space and encourages other countries to follow suit, especially those in the European Union.
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.