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CryptoCurrency
Binance Drops License Application in Germany amidst Regulatory Challenges
2023-07-26T18:12:02.242+02:00
Germany has reportedly been reluctant to issue the exchange a crypto custody license.
Binance's European market has been shrinking since the exchange left the Netherlands.
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Retail FX
How Cyprus, Germany, and Sweden Command 75% of EU's Cross-Border Retail Trading
2023-07-21T09:33:54.424+02:00
Cyprus is home to the highest number of investment companies in the EU.
It also leads the pack when it comes to the number of clients by home member state.
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Retail FX
Why I Gave Up My CEO Role to Become CIO: NAGA's Founder Ben Bilski
2023-07-10T22:45:21.372+02:00
NAGA's vision remains to build an all-in-one platform, says Bilski.
The new Group CEO: "We have owned our decisions in the past three years."
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CryptoCurrency
Germany Joins Anti-Binance Sentiment, BaFin Rejects License Application
2023-06-29T13:02:38.578+02:00
Local media reports that BaFin rejected Binance's application for a crypto custody license.
This is another European country where Binance is encountering problems.
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CryptoCurrency
Deutsche Bank Seeks German Crypto License
2023-06-20T13:20:24.222+02:00
The license would allow the bank to offer crypto custody.
The corporate unit of the bank plans to increase fee income with crypto services.
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FinTech
US Senators: Credit Suisse Restricted Internal Probe into Nazi-Linked Accounts
2023-04-19T18:18:45.202+02:00
Credit Suisse allegedly operated 99 undisclosed Nazi-linked accounts.
The 166-year-old Swiss lender said no evidence was found, according to Reuters.
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Retail FX
NAGA Seeks to Raise $8.2M in Convertible Bond
2023-04-17T15:09:45.343+02:00
Upon full conversion, the bonds will raise NAGA's current share capital by 7.7%.
NAGA Group "incurred significant losses last year."
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Retail FX
NAGA’s Revenue Drops 36% in Q1 2023 despite Growth in Active Users
2023-04-04T18:15:41.130+02:00
The neo-brokerage's revenue jumped 63% YoY to EUR 18M in Q1 2022.
The volume worth EUR 37 billion was traded by NAGA users in Q1 2023.
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Institutional FX
Silicon Valley Bank Is Back in Germany after Creating New Subsidiary
2023-03-21T13:35:21.406+02:00
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.
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Retail FX
BaFin Takes Action against Silicon Valley Bank Germany Branch
2023-03-13T14:15:59.969+02:00
BaFin issues regulatory updates regarding the German branch of Silicon Valley Bank.
The supervisor decided to ban the institution's further operations temporarily.
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CryptoCurrency
DZ Bank Counts on Metaco to Offer Crypto Assets Custody
2023-02-23T11:25:05.879+02:00
Metaco's Harmonize platform will allow DZ Bank customers to access crypto custody services.
DZ controls €297 billion in assets under custody, being one of the largest German banks.
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Institutional FX
Spectrum Markets Marks Record 2022 as Turnover Surges 147% to €3.33bn
2023-02-21T15:56:27.949+02:00
Spectrum Markets saw nearly 3.5 million trades in 2022.
The record trading volume was boosted by the platform's new partnerships.
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Institutional FX
German Stock Exchange Boerse Stuttgart’s Digital Business Gets New Boost
2023-01-27T21:25:23.640+02:00
Boerse Stuttgart launched its crypto trading app, BISON, in 2019.
The German company intends to brand its digital arm as Boerse Stuttgart Digital.
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Retail FX
Germany’s Finanzen.net zero Joins TradingView’s ‘Broker Family’
2023-01-19T23:19:46.434+02:00
The broker was founded in 2021 by Finanzen.net, a German online financial portal.
Finanzen.net zero is the first brokerage to be onboarded by TradingView in 2023.
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Retail FX
NAGA Discusses Possible Merger with Unnamed 'Multi-Country' Broker
2023-01-19T18:38:44.580+02:00
The possible merger is expected to be completed by Q4 2023.
The Group recently secured a Seychelles license.
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Retail FX
Germany’s BaFin Says Online Broker MainTrade Not Authorized
2023-01-13T15:06:04.520+02:00
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.
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Regulation
BaFin Raises Alarm on Trojan ‘Godfather’ Affecting Banking and Crypto Apps
2023-01-09T16:35:39.428+02:00
Cybersecurity firm Group-IB also recently urged caution against the malware.
The malware infected over 400 platforms last year.
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Executives
NAGA Hires Eurotrader’s Matthew Kent as Institutional Sales Director
2022-11-23T23:22:16.952+02:00
Kent held the same position at Eurotrader for over two years.
NAGA Group received a Seychelles license last month.
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CryptoCurrency
Bitpanda Obtains Crypto License in Germany
2022-11-22T11:47:56.718+02:00
The crypto startup is regulated in seven different European states.
A broad portfolio of regulatory licenses should increase assets' security.
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Retail FX
Fugitive FX Fraudster Accuses Israeli Lawyers of 100m Euro BTC Theft
2022-10-07T01:50:58.413+02:00
Jacques Vygodatsky was evading a German warrant and fleeing to Latin America.
The Belgian-Israeli accused Guy Yuval and Uri Arad of stealing 100m euros worth of Bitcoin.
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Institutional FX
Deutsche Börse’s Cash Market Recovers to €113.63 Billion in September
2022-10-05T23:59:57.284+02:00
Trading volumes in the cash markets have been shrinking since June.
Tradegate Exchange is now excluded from Deutsche Börse's cash market statistics.
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Retail FX
Exclusive: Germany Issues Warrants against Boiler Room Scammers
2022-10-03T13:41:36.866+02:00
No names of individuals or entities are known at this point.
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Retail FX
Germany’s BaFin Says Trading Platform GTS Financial Not Authorized
2022-09-19T15:41:31.410+02:00
GTS Financial is not under BaFin's supervision.
The regulator last month flagged LiquiTrade Limited.
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Executives
Deutsche Bank Taps Richard Stewart for Group Treasurer Position
2022-09-13T22:42:31.110+02:00
He is to take on the role on Monday, September 19.
Stewart remains Deutsche Bank's Head of the Capital Release Unit.
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Institutional FX
FNZ Agrees to Buy Diamos AG
2022-09-10T13:56:56.265+02:00
The acquisition will boost the company’s presence in the German market.
FNZ is planning to employ over 1,000 people across the DACH region.
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