40 German banks apply to offer crypto custody services
Over 40 German banks have applied for the new crypto custodian license necessary for the provision of professional custody services.
Börse Stuttgart’s crypto trading app adds 81,000 users in its first year
BISON, the crypto trading mobile application developed by a subsidiary of German stock exchange, Börse Stuttgart, announced that it has onboarded over 81,000 users in its first year.
German central banker warns against a digital euro
The head of Germany’s central bank, Dr. Jens Weidmann, told Handelsblatt that the European Union should refrain from launching a digital euro. Instead, banks should improve their payment services to compete with the growing cryptocurrency market.
Germany to allow banks to sell and store crypto assets
Germany has passed a new law that will enable banks to sell and store bitcoin and other crypto assets in 2020. The bold move will cement Germany’s position as one of the most crypto-friendly jurisdictions in the world.
German banks want a digital Euro
The Association of German Bank, which represents the interests of 200 German lenders, has come out in support of a “programmable digital euro.”
Libra launch date unchanged despite backlash from European regulators
French and German regulators have launched a new attack on Facebook’s Libra, saying that it is a threat to the financial sovereignty of nations. In response, the Libra Association has doubled down, promising to work with regulators, but committing to a 2020 launch.
German Central Bank testing blockchain technology
The German Central Bank, Deutsche Bundesbank, and the operator of the country’s stock exchange, Deutsche Börse, recently announced a research blockchain. “The Deutsche Bundesbank hopes that this prototype will contribute to a better practical understanding of blockchain technology in order to assess its potential," said Carl-Ludwig Thiele, Member of the Board of the Deutsche Bundesbank.
FinTech Challenges and Opportunities
The financial services sector in Germany is facing unprecedented change. Startups and other attackers are jostling for their place in the market, backed by new technologies. Known as FinTech (Financial Technology) companies, they provide alternative solutions and business models that could render traditional banking processes obsolete in many areas. This worldwide trend will become very evident. In Germany, it may jeopardize around a third of all bank revenues over the next few years.
Bitcoin Blockchain and the Future of Financial Transactions
This presentation comes from the 68th CFA Institute Annual Conference held in Frankfurt, Germany, on 26â29 April 2015 in partnership with CFA Society Germany.
LocalBitcoins to Stop Operating in Germany Due to ‘Regulatory Reasons’
LocalBitcoins, the popular website that facilitates in-person Bitcoin trades based on geographic locations has announced that it will no longer be available in Germany due to regulatory reasons.
