German Regulator Orders Crypto Exchange to Halt Brokerage Business
A German financial watchdog has ordered Crypto.exchange GmbH to immediately stop offering financial commission services.
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency.
German startup Fundament has obtained regulatory approval to sell $280 million-worth of a real estate-backed ethereum token to retail investors.
While a grandfather clause allows crypto custodians to keep serving German customers without being penalized, those same companies are waiting on financial regulator BaFin to release final regulations around the law.
The president of BaFin thinks blockchain-based applications are "revolutionary" and could turn the entire financial sector "upside down."
Germany's top financial regulator has issued a letter of advice in an attempt to clarify some of the regulatory uncertainties around ICOs.