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CryptoCurrency

Germany Joins Anti-Binance Sentiment, BaFin Rejects License Application

  • Local media reports that BaFin rejected Binance's application for a crypto custody license.
  • This is another European country where Binance is encountering problems.
Thursday, 29/06/2023 | 11:02 GMT by Damian Chmiel
Retail FX

News Nuggets | 15 June: ASIC Cancels License; BaFin Probes Illegal Trading Brands

  • Bitpanda introduces a new product; TradingView teams up with StakingRewards.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 15/06/2023 | 10:04 GMT by Finance Magnates Staff
Institutional FX

Silicon Valley Bank Is Back in Germany after Creating New Subsidiary

  • The original Silicon Valley Bank transferred all its assets to Silicon Valley Bridge Bank N.A.
  • It allowed SVB to register a new German subsidiary and obtain BaFin authorization.
Tuesday, 21/03/2023 | 11:35 GMT by Damian Chmiel
Retail FX

BaFin Takes Action against Silicon Valley Bank Germany Branch

  • BaFin issues regulatory updates regarding the German branch of Silicon Valley Bank.
  • The supervisor decided to ban the institution's further operations temporarily.
Monday, 13/03/2023 | 12:15 GMT by Damian Chmiel
Retail FX

BaFin Fines flatexDEGIRO €1.05M with Orders to Fix Supervisory Controls

  • The regulator appointed a special representative for the company.
  • Stock prices of flatexDEGIRO plummeted after the regulatory action.
Monday, 27/02/2023 | 11:07 GMT by Arnab Shome
Institutional FX

Deutsche Bank's 'Project Teal' Probe on FX Mis-Selling to End after 3 Years

  • ECB and BaFin are "not satisfied" with Deutsche Banks' internal probe.
  • The investigation may lead to another round of financial penalties.
Monday, 20/02/2023 | 12:47 GMT by Damian Chmiel
Institutional FX

Regulators Slapped Industry with Record Fines in 2022, SEC in the Lead

  • WhatsApp crackdown amounted to fines of $1.1 billion.
  • Also, European regulators imposed high penalties although visibly lower than the SEC.
Tuesday, 31/01/2023 | 12:17 GMT by Damian Chmiel
Retail FX

Germany’s BaFin Says Online Broker MainTrade Not Authorized

  • BaFin said it reached the decision based on information on the broker's website.
  • The German regulator issued warnings against a number of firms in 2022.
Friday, 13/01/2023 | 13:06 GMT by Solomon Oladipupo
Regulation

BaFin Raises Alarm on Trojan ‘Godfather’ Affecting Banking and Crypto Apps

  • Cybersecurity firm Group-IB also recently urged caution against the malware.
  • The malware infected over 400 platforms last year.
Monday, 09/01/2023 | 14:35 GMT by Solomon Oladipupo
CryptoCurrency

BaFin President Seeks Global Crypto Regulation

  • The President said a self-regulatory approach would not work for crypto.
  • BaFin is overseeing the crypto sector in Germany.
Thursday, 15/12/2022 | 11:58 GMT by Arnab Shome
CryptoCurrency

Bitpanda Obtains Crypto License in Germany

  • The crypto startup is regulated in seven different European states.
  • A broad portfolio of regulatory licenses should increase assets' security.
Tuesday, 22/11/2022 | 09:47 GMT by Damian Chmiel
Retail FX

Germany’s BaFin Says Trading Platform GTS Financial Not Authorized

  • GTS Financial is not under BaFin's supervision.
  • The regulator last month flagged LiquiTrade Limited.
Monday, 19/09/2022 | 13:41 GMT by Solomon Oladipupo
Regulation

BaFin Clarifies Crypto Investments Are Not Protected by Deposit Insurance

  • General insolvency laws and customer contracts will be applicable for recovery.
  • Several crypto companies filed for insolvency recently.
Tuesday, 23/08/2022 | 11:21 GMT by Arnab Shome
FinTech

LiquiTrade Is Operating ‘Illegal Banking Services’ in Germany, BaFin Says

  • BaFin said content of latoken.com justifies the conclusion.
  • It added that LiquiTrade Ltd is not licensed under the German Banking Act.
Friday, 12/08/2022 | 16:39 GMT by Solomon Oladipupo
FinTech

Germany’s BaFin Fines BofA $5.3M for Delay in Reporting Voting Rights Notifications

  • Additional details are yet to emerge.
  • Bank of America’s net income dropped 13% to $6.1 billion in Q2 2022.
Thursday, 11/08/2022 | 19:06 GMT by Solomon Oladipupo
CryptoCurrency

BaFin Says Lucrative ‘Crypto Assistant’ Job Not from CWE Capital

  • BaFin says CWE Capital Holding is not the operator of cwe-capital.com.
  • Hired 'crypto assistants' can be prosecuted, the regulator further says.
Monday, 13/06/2022 | 16:58 GMT by Solomon Oladipupo
CryptoCurrency

After France's Nod, Binance Faces Germany to Deepen Ties in Europe

  • Binance is seeking an operating license from BaFin.
  • The exchange received France's AMF DASP registration last month.
Friday, 20/05/2022 | 15:25 GMT by Solomon Oladipupo
Regulation

BaFin to Investigate blockchains.de

  • The trading platform is not supervised by BaFin.
  • Blockchains.de business address is located in London, UK, as of press time.
Wednesday, 11/05/2022 | 20:30 GMT by Felipe Erazo
Retail FX

BaFin Launches Investigation against UpbitFx Exchange

  • The website is not authorized or regulated by BaFin.
  • The company had allegedly cloned parts from another BaFin-regulated firm's website.
Tuesday, 05/04/2022 | 01:41 GMT by Felipe Erazo
CryptoCurrency

BaFin Warns Investors of Crypto Trading Advices on Social Media

  • Caution is advised if only success stories are highlighted without the risks.
  • BaFin advises investors not to be lured by 'high profits and safe investments'.
Monday, 07/02/2022 | 14:32 GMT by Matti Williamson
Institutional FX

BaFin Fines Deutsche Bank €8.66M for Benchmark Control Failures

  • It was a big blow to the reputation of the German lender.
  • The bank has already accepted the fine.
Wednesday, 29/12/2021 | 10:32 GMT by Arnab Shome
Institutional FX

Germany’s BaFin Fines Vanguard Group €290K

  • The fine came to tighten compliance on voting rights notifications when reporting thresholds.
Thursday, 02/12/2021 | 19:16 GMT by Finance Magnates Staff
Regulation

Germany’s BaFin Says CoinsTrades Is an Unauthorized Trading Platform

  • The German financial watchdog is currently investigating the platform which is registered in St. Vincent and the Grenadines.
Wednesday, 20/10/2021 | 20:20 GMT by Felipe Erazo
Regulation

New Germany’s BaFin President Vows for Bolstering Supervision Tasks

  • Experts said that the institution needs to be more 'receptive' to the changes to restore its credibility.
Wednesday, 13/10/2021 | 22:50 GMT by Felipe Erazo
News

BaFin Launches Investigation against BitcoinWelt

  • Germany's financial regulator says BitcoinWelt is not authorized nor supervised by the local authorities.
Friday, 17/09/2021 | 18:49 GMT by Felipe Erazo
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