Tag: Bafin
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Crypto.com Is No Longer Available In German Due To BaFin Investigation!
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Crypto.com has been unavailable in Germany for some time. The Singapore-based crypto exchange has announced that it will withdraw from the Federal Republic due to investigations by the German regulator BaFin.
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Bafin Investigates Crypto.com!
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Bafin has opened investigations against against Crypto.com that may have directed its offering to customers in Germany without sufficient permission. Meanwhile, Crypto.com is withdrawing from the German market.
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Bafin Chief Sees No Risk Of Contagion From U.S. Bankruptcy Turmoil!
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The German Federal Financial Supervisory Authority (Bafin) is not very concerned about the bank failures in the U.S. for the German financial market.
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Post From The Regulator: FinTechs On Bafin’s Radar!
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BaFin is likely to monitor FinTechs more closely after the debasement in the Wirecard case. That certainly can’t hurt. Check 24’s C24 Bank and Solaris have recently received unpleasant notices from financial regulators.
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DekaBank Selects Swiss Crypto Specialist Metaco To Manage Digital Asset Offerings!
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DekaBank manages €360 billion in assets and plans to offer crypto products to its institutional clients. The German lender is joining Societe Generale and Citibank in selecting Swiss-based Metaco to develop its digital asset offering for institutional clients, according to a CoinDesk report.
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Bafin Puts Solarisbank On An Even Tighter Leash!
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The German fintech Solarisbank is booming and growing, or so it seems. However, so do the fintech’s regulatory issues. Therefore, German regulator BaFin is now reviewing whether the institute is allowed to accept certain new customers.
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North Channel Bank Insolvency: BaFin Establishes Compensation Case!
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Germany’s Federal Financial Supervisory Authority (BaFin) has established the compensation case for the clients of collapsed North Channel Bank. The bank is not able to repay its customers’ deposits in full. The deposits of North Channel Bank’s customers are protected under the Deposit Protection Act. The Bank is a member…
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Linx4: Fresh Million Investment For The Austrian FinTech!
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They started with pay-per-use financing for industrial machinery and equipment in 2018 and reached a turnover of 2.5 million euros in 2022. CCAP, a BaFin-registered investment and consulting company, is coming on board as a new investor with a seven-figure sum in the Austrian startup linx4.
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Bafin Chief Branson Worries About Shadow Banks And Cryptos!
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Mark Branson, the head of Germany’s financial regulator BaFin has warned of risks to financial stability. Specifically, shadow banks are a thorn in his side because of their rapid growth – and crypto markets, as he explained to journalists in Frankfurt. He is worried about so-called shadow banks and points…
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Bafin And Bundesbank Survey Financial Institutions On Their Interest Rate Risks!
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The survey of 1,200 financial institutions launched at the beginning of December is intended to help assess the impact of the interest rate turnaround on the institutions. The financial supervisory authority Bafin and the Bundesbank launched a survey of around 1,200 financial institutions at the beginning of December to assess…