How the Latest German Regulations Target Bitcoin Exchanges and Custodians

A new German law on regulation requires every entity that holds private keys for others (e.g., bitcoin exchanges and/or bitcoin custodians) and that actively addresses the German market must become licensed as early as January 1, 2020. And to address the most common misconception right at the beginning: No, it…

Read More

German Crypto-Custody license: 40+ expressions of interest

As the German Handelsblatt reports, the law has triggered a run on the license among German banks. As Handelsblatt writes, the German Federal Financial Supervisory Authority (BaFin) has already received more than 40 expressions of interest from banks for a German crypto-custody license. As a result of the Fifth EU…

Read More

FINMA: Stricter identification requirements for Bitcoin transactions

On February 7, 2020, the Swiss Financial Market Supervisory Authority FINMA has announced an amendment to the guidelines for Bitcoin regulation. It affects the thresholds for reporting crypto transactions; FINMA wants stricter identification requirements for Bitcoin/crypto transactions. FINMA is proposing to “amend the thresholds for client identification in the FINMA…

Read More

BaFin Clarifies Licensing Process for Foreign Crypto Custodians

The Federal Financial Supervisory Authority (BaFin) in Germany is currently clarifying how the new German cryptocurrency custody law will apply to companies that have their jurisdiction outside of Germany but still serve the German market. There is still widespread uncertainty, especially among non-German companies, with regard to obtaining the BaFin…

Read More

Fractal is now under the supervision of BaFin

Fractal, the Berlin-based authentication provider working to transform financial identification, has notified the German Federal Financial Supervisory Authority (BaFin) that its subsidiary Fractal Vault GmbH has qualified as a custodian of crypto assets in 2019. Besides, the company has also announced its intention to apply for a crypto-vault license. In…

Read More

Austria: FMA intervenes with Bitcoin custodians

The new regulation for the safekeeping of crypto assets such as Bitcoin requires providers to register with the Austrian Financial Market Authority (FMA). For non-registered companies, however, it could become expensive. Since January 10, the registration requirement for virtual currency service providers such as Bitcoin has been in effect in…

Read More

German digital assets custody regulation picks up speed

By January 1, 2020, the new regulation for digital assets custody came into force in Germany. As of today, the Federal Financial Supervisory Authority (BaFin) provides a form for the declaration of intent according to § 64y para. 1 or 2 KWG about digital asset safekeeping. As expected, the requirements…

Read More

Liechtenstein Blockchain Act in force since 1 January 2020

On January 1, 2020, a new law on the regulation of blockchain came into force in the Principality of Liechtenstein; the “Law on Tokens and Trusted Technology Service Providers”, in short TTTL. The Parliament of Liechtenstein had passed the so-called Blockchain Act on October 3, 2019. With this regulatory work,…

Read More

Crypto Custodians grapple with Germany’s New Rules

On January 1, 2020, a German law will come into force that makes digital asset custodians subject to financial supervision. Companies that want to provide this business then need a license from the German Federal Financial Supervisory Authority (BaFin). Any crypto custodian addresses to German customers, must notify BaFin of…

Read More

France: New Crypto Regulation adopted

France’s supreme financial supervisory authority has adopted the custody of digital assets by law. With its new crypto regulation, France creates a legal framework for Digital Asset Service Providers (DASP) and Initial Coin Offerings (ICOs) and strengthens the powers of the AMF as the regulatory authority for the crypto industry….

Read More
Call us 24/7 at


PDF Download

    [anr_nocaptcha g-recaptcha-response]




          Thank You!

          We have received your inquiry and will get back to you as soon as possible.