The German securities regulator has rejected an appeal from cryptocurrency exchange Binance to remove its warnings about the firm’s stock tokens.
The German financial regulator has reasonable grounds to suspect cryptocurrency exchange Binance of violating securities laws over its tokenized stock trading service.
The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency.
Donner & Reuschel, one of Germany’s oldest banking institutions, cited high demand from its customers as a key factor behind the move.
Germany has passed a new law that legalizes the use of blockchain technology in the securities sector, easing a rule that required the use of paper certificates for all securities transactions.
Facebook has been threatened with legal action after rebranding its Libra stablecoin to “Diem,” following objections from a finance startup with the same name.
Speaking at a recent regional banking event, Olaf Scholz called for the advancement of European banking systems to adapt to the digital era.
A notice confirms that digital currency ATMs constitute banking business, meaning they fall within BaFin’s regulatory remit.
The regulators consider digitized securities to be a core aspect of their blockchain strategy for Germany in the future.
The site's two chief operators allegedly distributed over 880,000 pirated copies of films and TV series between 2008 and 2013.
Top ranking executives at the Munich-based company allegedly funneled millions of euros to suspicious companies in Asia, according to reports.