-
Public Warnings by BaFin – How Affected Companies Can React
If BaFin publishes public warnings about companies, this can have a negative impact on the companies. How can affected companies defend themselves in such cases?
-
BaFin Publishes Guidance on Register Management for Crypto Securities
Bafin publishes details of its administrative practice in relation to crypto securities and the management of a crypto securities register. Which tokens does the authority classify as crypto securities?
-
Trading Platform for Security Tokens – Can a Stock Market Listing be an Alternative to a BaFin Authorization?
Security tokens are tokenized securities – and therefore generally tradable on traditional stock exchanges. Could the operation of a stock exchange be a reasonable alternative to a BaFin regulated crypto exchange?
-
The Authorization Process for Crypto Custodians – The New BaFin Guidelines
Companies that offer their customers the storage of crypto assets and/or private keys that are used for the transfer of crypto assets had to notify BaFin of their intention to apply for authorization as a crypto custodian until the 31st of March 2020. Companies that used this option are now obliged to submit a complete […]
-
Let’s Build a Crypto Custodian (Part III) – What Requirements Will BaFin Place on Risk Managing Strategies?
r authorization for the new financial service of crypto custody services. Several national and international market participants already display a keen interest in obtaining the authorization for said financial service. Even though it remains to be seen which companies actually apply for authorization and which of those applicants will be approved by BaFin, it nonetheless […]
-
Let’s Build a Crypto Custodian (Part II) – How Much Regulatory Starting Capital Does a Crypto Custodian Require?
As of the first of January 2020, crypto custodian services will be regulated as a new financial service in Germany. The safekeeping of cryptocurrencies and crypto tokens for customers on a commercial extent will at that point in time require a prior authorization by BaFin. The new financial service touches on a core issue of […]
-
Let´s Build a Crypto Custody (Part I) – What Qualification is Required by the Management?
After a lengthy back and forth, the German legislator last week finally decided on how to conduct the transposition of the provisions of the 5th European AML Directive into national law. The German Parliament accepted the recommended resolution of the 7th financial committee after the original draft of the federal government was heavily criticized by […]
