3:47:55 AM PST - Thursday, December 8th, 2022

Bitpanda obtains German crypto license as crypto platforms want to prove they are legit  

By Editor - Tue Nov 22, 4:17 am

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All eyes are currently on the collapse of FTX in the crypto industry. That’s why today’s news from Bitpanda is an important signal for the Austrian unicorn company. Bitpanda has received a crypto license from Germany’s financial regulator (BaFin). Its German subsidiary is now officially allowed to process cryptocurrencies for German customers under its Crypto Custody and Proprietary Trading license. It doesn’t have to rely on passporting rules. While there are a myriad of crypto licenses across Europe, BaFin’s license is quite selective as there are only four companies that are listed as licensed crypto custody companies in BaFin’s database . Coinbase is the other well-known company in the database. It holds a similar license, but it is a U.S.-based company.

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Bitpanda obtains German crypto license as crypto platforms want to prove they are legit

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