31 Jul '13, 3pm

Marketplace Bitcoin.de registers with Germany’s financial regulator BaFin

Marketplace Bitcoin.de registers with Germany’s financial regulator BaFin

Bitcoin Deutschland GmbH has received confirmation that, from 7th August, it will be registered with BaFin, Germany’s Federal Financial Supervisory Authority. The company operates bitcoin.de, a marketplace where people can exchange fiat currencies for bitcoins (and vice versa) with each other. Bitcoin.de has an arrangement with Fidor Bank , which means it is licensed to operate as a ‘finance intermediary’ while Fidor Bank bears the liability for bitcoin.de’s operations. Stefan Greiner, of Xenion Legal, said: “This arrangement, as such, is nothing special as thousands of so-called ‘independent’ finance intermediaries in Germany operate under the same model (as ‘tied agents’). The only special feature in the relationship between bitcoin.de and Fidor Bank is that the ‘financial services’ they are offering relate to bitcoins.” He went on to say that, to his knowledge, neither ...

Full article: http://www.coindesk.com/bitcoin-de-registers-with-germany...

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defencetalk.com 31 Jul '13, 4am

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BaFin on Bitcoin: A Blueprint for Europe? #bitcoin

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bitcoinmagazine.com 27 Jul '13, 5pm

In an oft overlooked statement German Federal Financial Supervisory Authority (BaFin) in December 2011 commented on Bitcoi...