Tagged: bafin

November 30, 2018 @ 4:49 pm By Cali Haan  |  

A raid initiated yesterday at Deutsche Bank headquarters in Frankfurt has continued into today as 170 police, prosecutors and tax officials look for evidence of money laundering described in the Panama papers, Reuters reports. The raid has involved a comprehensive search of the offices of… Read More

November 20, 2018 @ 4:00 am By JD Alois  |  

Berlin-based Neufund, an end to end security token platform, is set to host Europe’s first primary issuance of tokenized equity that is offered to the general public. The first company to use the blockchain based Neufund platform will be parent company Fifth Force GmbH which is… Read More

November 8, 2018 @ 10:48 am By JD Alois  |  

Last month, BaFin, Germany’s security regulator, launched a public consultation on the subject of virtual currencies (or crypto). The regulator has published a draft circular regarding sector due diligence. The BaFin circular seeks a reasonable and risk-oriented approach to virtual currency. The proposed circular addresses credit, financial services, payments and e-money… Read More

June 26, 2018 @ 2:07 pm By JD Alois  |  

Last week, Neufund, a blockchain based platform for the issuance of security tokens, announced the very first  companies were preparing to tokenize their equity using their service. These “equity token offerings” or “ETOs”, as referenced by Neufund, were said to be compliant within German securities… Read More

June 14, 2018 @ 10:49 am By JD Alois  |  

In a speech delivered by the President of BAFIN Felix Hufeld, Germany’s Federal Financial Supervisory Authority, addressed the topic of blockchain, Bitcoin and cryptocurrency in general. According to BAFIN’s President, blockchain is a very promising technology. But when it comes to crypto, well not so… Read More

February 20, 2018 @ 6:13 am By JD Alois  |  

Germany’s BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), or the Federal Financial Supervisory Authority, is the largest financial supervisory authority in continetal Europe. Today, BaFin has published a note on initial coin offerings (ICOs). BaFin joins a growing number of national regulatory agencies that have published some degree of clarifications… Read More

January 23, 2018 @ 12:35 am By JD Alois  |  

The IOTA Foundation is one of the more fascinating entries into the cryptocurrency world. A high profile concept that has encountered controversy almost from the beginning, the German based company has made big promises while being pin-balled around by criticism and plaudits alike. IOTA has… Read More

November 10, 2017 @ 2:10 am By JD Alois  |  

Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), has published a consumer warning today on Initial Coin Offerings (ICOs). BaFin said the purchase of cryptocurrency coins or tokens may result in substantial risks for investors calling them highly speculative. The agency said the high… Read More

May 24, 2017 @ 12:20 pm By Therese Torris  |  

    After multiple formal and informal discussions with representatives of the crowdfunding sector, consumer associations and the German financial establishment, the Financial Committee of the German Parliament has drawn its conclusions from the review of one year of operation under the German crowdfunding regulation,… Read More

May 3, 2017 @ 3:06 pm By Therese Torris  |  

Since the beginning of this year, the German government has undertaken a review of the crowdinvesting regulation introduced in July 2015. It has now officially released its conclusions and is proposing several changes to the existing law, including a most controversial exclusion of real estate… Read More

July 21, 2016 @ 8:46 pm By JD Alois  |  

One day, in the not so distant future, taking trips to the local bank branch will be a thing of the past. No more queuing up to be scowled at while swiping a plastic card. Yes, I know. My parents and your parents cannot imagine… Read More