27 Jul '13, 5pm

BaFin on Bitcoin: A Blueprint for Europe? #bitcoin

BaFin on Bitcoin: A Blueprint for Europe? #bitcoin

In an oft overlooked statement German Federal Financial Supervisory Authority (BaFin) in December 2011 commented on Bitcoins. Although this statement directly concerns only Bitcoin businesses domiciled in Germany, one should be aware that BaFin is one of the most influential regulatory bodies in the EU. BaFin‘s statement could therefore be a blueprint for regulation in other European countries or EU regulation. Even if a particular Bitcoin business is not domiciled in Germany, it may be advisable for them to understand the BaFin statement and heed its possible consequences. The statement was contained in a guidance to the German Payment Services Supervision Act, one of the codes which transfers the EU Payment Services Directive (PSD) into German law. Bitcoin is analyzed with regard to its possible quality as e-money. Regarding this question BaFin comes to the same conclusi...

Full article: http://bitcoinmagazine.com/bafin-on-bitcoins-a-blueprint-...

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Feature Your Bitcoin Related Business #bitcoin

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schoolofprivacy.eu 29 Jul '13, 3am

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bitcoinmagazine.com 22 Jul '13, 10pm

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youtube.com 27 Jul '13, 1pm

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youtube.com 27 Jul '13, 12pm

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coindesk.com 31 Jul '13, 3pm

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youtube.com 27 Jul '13, 12am

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