German cryptocurrency-focused bank Nuri has revealed that it has filed for bankruptcy, citing the protracted crypto winter. Customers' access to the platform's services and their funds have not been hampered, according to the firm. Nuri Files For Insolvency The cryptocurrency bank Nuri said on Tuesday that it has filed for bankruptcy in a court in Berlin, claiming the action was "required to ensure...
EQONEX Limited launched a physically backed bitcoin ETN for German investors which will allow free bitcoin redemption and low management fees.EQONEX Limited launched a physically backed bitcoin ETN for German investors. Physical bitcoin will be custodied by Digivault in a segregated account. The company intends to build out more investor products to be offered internationally....
The Federal Financial Services Authority (BaFin), primary regulator of Germany's financial markets and institutions ,has warned against a lucrative job ‘crypto assistant’ offer supposedly from CWE Capital Holdings GmbH. The watchdog on Monday disclosed that CWE Capital Holding is not the operator of the website, cwe-capital.com that advertised the job offer. It also said that CWE Capital Holding is not offering the job vacancies...
Quick take: The world’s largest exchange moves to set up shop in Italy. Binance is also regulated to operate in France and a crypto license in Germany is in the works. CZ’s company also has a foothold in the Middle East Binance is a regulated entity in Italy according to a tweet from company chief Changpeng Zhao. CZ revealed the news on Friday...
Binance, the world’s largest cryptocurrency exchange by trading volume, is seeking a license from Germany’s Federal Financial Supervisory Authority (BaFin) to operate in the country.
Binance could set up shop in another G7 nation after establishing a foothold in France.
Binance CEO Changpeng "CZ" Zhao said on Wednesday that the exchange plans to apply for a license to operate in Germany. Speaking at fintech conference Finance Forward in Hamburg, CZ said that after gaining regulatory approval in France, Binance is expanding its German compliance team and wants to apply for a license in Europe's largest...
According to Katja Hessel, German Parliamentary State Secretary, crypto traders can get tax exemption benefits on the sale of digital currencies. Furthermore, if they have held onto their assets for one year or more, they will not have to pay taxes on the money they make from the crypto sales. The Federal Finance Ministry of Germany issued 24 pages of...
Germany has taken another step towards becoming a crypto-friendly country. The German Parliament in a roundtable on crypto taxation has decided to not extend the time period to 10-year for tax-free selling of crypto gains from staking and lending. Thus, Germans can now sell their crypto assets tax-free after 1 year of staking and lending....
According to a research conducted by digital asset exchange aggregator Coincub, Germany was the most crypto-friendly country in the first...
Germany is the most crypto-friendly country for Q1,2022, according to a study conducted by Coincub. It is a digital asset exchange aggregator. Singapore, the former leader is now in second place, with the United States in third. Coincub, a crypto exchange aggregator, recently announced its most current Global Crypto Ranking. In this article, you will...
The authorities in the United States and Germany have imposed sanctions on Russia-based Hydra Market (Hydra), which has been labeled as the world’s largest and most prominent darknet market.
The world’s largest illegal marketplace operating on the Russian dark web has been shut down German authorities have seized around $25 million in Bitcoin from the operation so far Reports claim the platform’s users were involved in money laundering and narcotics German police shut down the illegal Darknet marketplace known as Hydra Market on Tuesday, according to an official statement released by the...
The phenomenal bitcoin documentary “Human B” has been making the rounds for a couple of months. Directors Aaron Mucke and Eva Mühlenbäumer produced a piece that defies nay-sayers and serves as an introduction for newcomers. It goes right to the root of the matter, how money works, and then gets into the solution that bitcoin is. All of that, mixed in with very...
Cryptocurrency Exchange KuCoin has recently released the German version of its “Into the Cryptoverse 2022 Report” and highlighted a sharp increase in cryptocurrency adoption.
As many have anticipated, and some feared, Western governments will be using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) payment system to tighten sanctions on Russia after President Putin's military attack on the neighboring country of Ukraine. Western leaders agreed Saturday to impose more financial...
In an effort to create regulated crypto products, BXM Operations AG, a company founded by Alexander Höptner, CEO of BitMEX, and Stephan Lutz, CFO of BitMEX, has announced its intention to acquire M...
In Germany, innovative financial trading products are gaining popularity among young traders. In its recent report, Deutsche Borse Group revealed that cryptocurrency certificates topped the list of...
Prosecutors in the German state of Hesse have sold €100-million ($113-million) worth of cryptocurrencies that were confiscated by the authorities from three drug traffickers earlier this year.
Prosecutors in the German state of Hesse have sold €100-million ($113-million) worth of cryptocurrencies that were confiscated by the authorities from three drug traffickers earlier this year.
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