Germany

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Several Dozen Banks in Germany Want to Provide Custodial Cryptocurrency Services

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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 … Read more

40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law

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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 … Read more

German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic

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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 … Read more

41 German Banks Now Charge Negative Interest Rates

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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 … Read more

Boerse Stuttgart’s Bison Trading App to Add Bitcoin Cash and Launch Desktop Version

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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 … Read more

Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

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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 … Read more