A Romanian programmer arrested in Germany has entered a guilty plea for his role in the BitClub Network Ponzi scheme which defrauded $722m from investors.
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.
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.