Bitpanda is Germany’s first “European retail” crypto platform.

The news that Bitpanda has secured a cryptocurrency custody license from the German financial organization known as BaFin was published in a post on the company’s official blog, where the announcement was made.

Following the acquisition of this license, the cryptocurrency exchange that maintains its headquarters in Austria is now legally authorized to market its services to individuals who are located in Germany.

In addition to this, Bitpanda said that they were the first retail bitcoin exchange to be founded in Europe to achieve this particular distinction.

As a direct consequence of the collapse of the FTX cryptocurrency exchange, people are paying more attention to cryptocurrency exchanges that do not have any rules and operate outside of a country’s jurisdiction.

Because of this, a significant number of exchangers are working toward obtaining licenses in various nations so that they can provide evidence that they are a trustworthy business.

Bitpanda is now legally regulated in the country of Sweden, joining the ranks of other countries like as Austria, the United Kingdom, Italy, the Czech Republic, and Spain. The number of nations in which Bitpanda is legally regulated has increased with the acquisition of this new license.

In the bitcoin sector, there were already four other businesses that have the license before Coinbase, Kapilendo, Tangany, and Upvest were able to secure it for themselves.

Bitpanda claims that it is the first “European” retail bitcoin platform to acquire the license since its headquarters are located in Austria. This is because Austria is considered to be part of Europe.

Since the collapse of FTX, the subject of how to give licenses to and otherwise govern cryptocurrency exchanges has been at the forefront of public conversation. Specifically, the question is whether or not cryptocurrency exchanges should be licensed at all.

According to Jon Cunliffe, who is the deputy governor of the Bank of England, the BoE plans to set up a “regulatory sandbox” in order to establish how to successfully supervise exchanges in order to discover how to properly oversee exchanges. In addition, the Senate of the United States has started conducting hearings to study efficient methods to regulate cryptocurrency exchanges. These hearings are being held as part of an ongoing investigation.


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Commerzbank Applies for Crypto License

After the German commercial bank (Commerzbank) applied for license encryption earlier this year, it will become the country’s first major bank to provide encryption currency if they are approved to get the operation license.

German bank Commerzbank also appears to be strengthening its crypto offering after applying for a crypto license earlier this year in the first quarter. A spokesman for the bank confirmed on April 14th.

Bernd Reh, senior spokesman for Commerzbank stated that:

“We entered into a cooperation with Deutsche Börse and Fin-Tech 330x in spring 2021. In addition, we are pursuing our own digital asset strategy and are also planning our own offerings for our customers in the coming years. We have applied for a license from the Bafin for the safekeeping of crypto assets. The future offer is initially aimed at institutional customers.”

Commerzbank, founded in 1870, is one of Germany’s three original banks. The bank hopes to expand the business of custody and trading of non-physical assets and build its own digital ecosystem. It is estimated that at least 25 licence applications are awaiting a decision from the Federal Financial Supervisory Authority.

Image source: Shutterstock


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German Investment Firm Plans To Add Bitcoin To Its Offerings

The $500 billion German asset manager speeds up plans to adopt crypto after assessing Bitcoin certificates.

The DZ bank group investment arm Union Investment makes another move to provide crypto investment services to individual investors. They intend to convert a small percentage of their funds to BTC.

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Union Investment is knowns as the investment arm of DZ Bank Group, an organization with more than 800 cooperative banks. They had an asset worth $507 billion under management as of June 30. This makes the investment company one of the biggest asset managers in Germany.

Union Investments Conducting A Crypto Experiment

According to sources, the portfolio manager revealed the Company’s intention to convert 1-2% of their portfolio to BTC. However, David Barthe added that they’re yet to fix the date the plan will kick off in Q4.

This idea emerged after the company’s first addition of crypto to a mixed fund known as Private Funds Flexible Pro. They came like Delta one certificates early this year. Delta certificates expose investors to assets in a manner that looks like they are the owners already.

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Kamil Kaczmarski is a renonwn consultant for Oliver Wyman financial service providers. He revealed that his firm had observed the high interest in crypto existing within the fund manager lately. Currently, union investment has a total sum of $500 billion worth of assets under management.

Bringing Bitcoin To The Masses

Developments like the ones at Union Investment are among the many that make crypto exposure easier for an average person. Further assistance from Germans S Brokers issued Stocks, ETFs, and 40 BTC certificates recently. This will give customers access to a wide range of crypto assets to invest in

This means suspension of access to Bitcoin ETF in the US. It’s not in SEC plans to approve institutions like that currently, and they may wait till 2023 before considering it.

A bitcoin ETF is a digital currency that mimics the BTC price,  the most popular digital currency. It allows investors to buy into the ETF without following the complicated process of trading bitcoin itself.

Related Reading | Bitfinex To Roll Out Security Token Offerings (STOs) Platform In Kazakhstan

Recently, ATM installations are increasing greatly, providing a more friendly option of purchasing and selling BTC to wallet owners. Statistics show that most ATM installations are done in the US.

German Investment Firm Plans To Add Bitcoin To Its Existing Funds

German Investment Firm Plans To Add Bitcoin To Its Existing Funds

Bitcoin is still trying to recover its previous losses | Source: BTCUSD on

A BTC ATM is a kiosk allowing individuals to buy Bitcoin and other cryptos with a debit card or cash. Bitcoin cash kiosks are similar to traditional Automated Teller Machines, except they don’t connect to any bank account. Instead, they directly connect users to a Bitcoin exchange or wallet; 42,266 BTC ATMs in the United States.

Featured Image From Pixabay, Chart From TradingView.Com


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German Cannabis Firm Cites Cash Inflation as Reason for BTC Investment

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Good morning from Germany, where the largest vaccination effort in history has begun. By the end of Jan, however, only 3-4 million vaccine doses, enough for 1.4 to 2 million people, are available. By the summer, all German citizens who want it should have received a vaccination.

Good morning from #Germany, where the largest vaccination effort in history has begun. By the end of Jan, however, only 3-4 million vaccine doses, enough for 1.4 to 2 million people, are available. By the summer, all German citizens who want it should have received a vaccination.


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