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Passporting a Crypto License – Does That Work?
Europe offers a lot of advantages, especially for financial service providers that are located within the European Union (EU) if it comes to the internationalization of their business model. The progressive harmonization of the legislation regarding financial supervision and the capital markets within the European Union allows supervised and regulated banks and financial service providers […]
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Building a Crypto Exchange (Part II) – The Multilateral Crypto Trading Facility
Bitcoins and comparable cryptocurrencies are, according to BaFin, classified as financial instruments as defined in the German Banking Act (KWG). Therefore, a BaFin license is a mandatory prerequisite for operating a crypto exchange in Germany. What are the requirements to fulfil in order to obtain such license and what are the conceptual design options for […]
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Building a Crypto Exchange (Part I) – What are the Regulatory Design Possibilities?
Since BaFin qualifies Bitcoins and comparable cryptocurrencies as financial instruments, the operating of a crypto exchange requires the operator to be BaFin licensed. But what are the requirements to fulfill in order to acquire such license and what are the conceptual design options that businesses have for meeting these requirements while at the same time […]
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What are the Regulatory Requirements for Operation in Germany?
Probably one of the oldest Bitcoin based business models since Bitcoin became popular is the operating of Bitcoin ATMs. ATM is the abbreviation for Automated Teller Machine while a Bitcoin ATM is a machine that changes Bitcoin into bank money and vice versa. In other European countries like Austria, Switzerland or the Netherlands Bitcoin ATMs […]
