Over 40 German banks have sought regulatory approval to offer digital asset custodial services
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40 German Banks Seek Regulator’s Green Light to Offer Bitcoin Custody
Category: Germany
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Several Dozen Banks in Germany Want to Provide Custodial Cryptocurrency Services
For many years, financial institutions have shunned cryptocurrencies and their users. During 2020 and beyond, those same banks will begin providing crypto-related services to attract more customers. Custodial services related to cryptocurrencies appear to be in high demand. Germany is Warming up to Cryptocurrencies This is especially the case in Germany, at least according to the domestic banks. Several institutions have acknowledged they begin offering custodial cryptocurrency services in the near future. More than three dozen institutions have asked for express permission to provide these services in Germany. That is a remarkable turn of events. For those unaware, Germany is
The post Several Dozen Banks in Germany Want to Provide Custodial Cryptocurrency Services appeared first on The Merkle Hash.
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40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into effect early this year, enables banks to offer crypto services after obtaining a […]
The post 40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law appeared first on Bitcoin News.
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US Bitcoin Firm BitGo Launches Two New Crypto Custodies in Europe
Major United States-based crypto firm BitGo expands its global presence with regulated custody in Germany and Switzerland
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German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic
Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on the backdrop of weak demand from Eurozone countries, U.S. threats for import tariffs, and the fallout from the […]
The post German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic appeared first on Bitcoin News.
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Waves Launched a Non-Profit Association Under German Law
The Waves Association was established in Frankfurt by representatives of the Waves community from six European countries
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41 German Banks Now Charge Negative Interest Rates
The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts. Also read: Survey: 58% of German Banks Charge Negative Interest Rates 41 Banks Charging Negative […]
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Boerse Stuttgart’s Bison Trading App to Add Bitcoin Cash and Launch Desktop Version
Bison, the crypto trading application offered by Boerse Stuttgart, has seen a remarkable growth of users in the past 12 months, the group announced this week. Germany’s second-largest stock exchange is now planning to expand its features and offer traders in Europe another cryptocurrency option, bitcoin cash (BCH). Also read: Eastern Europe Sees More Fiat […]
The post Boerse Stuttgart’s Bison Trading App to Add Bitcoin Cash and Launch Desktop Version appeared first on Bitcoin News.
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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. Also read: US […]
The post Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring appeared first on Bitcoin News.
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Mercedes Will Use Blockchain to Track Carbon Emissions in Cobalt Supply Chain
A joint pilot by Mercedes Benz and Circulor will track carbon emissions in the cobalt supply chain
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