BaFin

It is reported that Blocknox, the digital unit of the Stuttgart Exchange, has obtained the final approval of BaFin, the German financial regulator, as the custodian of cryptocurren

It is reported that Blocknox, the digital unit of the Stuttgart Exchange, has obtained the final approval of BaFin, the German financial regulator, as the custodian of cryptocurren

On March 8, the BaFin Journal of the German Federal Financial Supervisory Authority (BaFin) reported that in the regulatory review of NFT, the BaFin process is the same as the review of alternative tokens. So far, NFT has not been classified as securities in the regulatory sense, but it is not ruled out that NFT will be classified as securities in the future. For example, this may happen if 1000 NFTs contain the same repayment and interest requirements. In addition, NFT may be subject to anti-money laundering supervision by BaFin….

On February 28, it was reported that the encryption custodian Finoa had obtained three license approvals from the German financial regulator BaFin, including the custody approval, the approval of the broker-dealer and the approval of the proprietary trading license, which allowed the company to trade with its own funds. Interpretation of this information: Finoa, an encryption custodian company, has made headlines recently after receiving three license approvals from the German financial regulator BaFin. The licenses granted include a custody approval, a broker-dealer approval, and a proprietary trading approval. The custody…