Do dPoS Staking Providers Require Authorization in Germany?
Prior to start of operations in Germany most blockchain-based business models require BaFin authorization, because of the legal qualification of most cryptocurrencies as financial instruments in the sense of the German Banking Act (KWG). The German legislator explicitly confirmed his administrative practice of BaFin being in place already since 2011 by explicitly regulating crypto assets […]
Crypto Business in Germany – In Which Scenario is BaFin Competent for Foreign Crypto Providers?
Germany is taking on a special role in Europe and globally when it comes to blockchain regulation. The German Government decided last year that Germany would strive to become an internationally well-known hotspot for businesses with business models that are connected to or based on blockchain technology or cryptocurrencies. Germany tries to achieve this among […]
New Crypto Asset Transfer Regulation – Germany Tackles Implementation of FATF Travel Rule
