• Latest
  • Trending
  • All
Boerse Stuttgart Stock Exchange Taps BaFIN License to Offer Crypto Custody

Boerse Stuttgart Stock Exchange Taps BaFIN License to Offer Crypto Custody

March 31, 2023
Crypto Kills Kittens & Steals Your Liver — Fear-mongering at Its Finest

Crypto Kills Kittens & Steals Your Liver — Fear-mongering at Its Finest

June 6, 2023
Implications For The Crypto Market And Signuptoken.com’s Millionaires Club

Implications For The Crypto Market And Signuptoken.com’s Millionaires Club

June 6, 2023
Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-Time High

Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-Time High

June 6, 2023
Popular Analyst Says Litecoin on the Edge of Breaking Out, Updates Outlook on Ethereum – Here Are His Targets

Popular Analyst Says Litecoin on the Edge of Breaking Out, Updates Outlook on Ethereum – Here Are His Targets

June 6, 2023
Exploring Tether’s Stability, Market Volatility, and the Prominence of Dogetti, Cardano, and Ethereum

Exploring Tether’s Stability, Market Volatility, and the Prominence of Dogetti, Cardano, and Ethereum

June 6, 2023
Bitcoin developers clash: Has BRC-20 tokens’ time run out?

Bitcoin developers clash: Has BRC-20 tokens’ time run out?

June 6, 2023
7 steps for managing the work order process

7 steps for managing the work order process

June 6, 2023
Crypto shares tumble as Binance SEC lawsuit ripples through industry

Crypto shares tumble as Binance SEC lawsuit ripples through industry

June 5, 2023
The next Dogecoin but 10x better

The next Dogecoin but 10x better

June 5, 2023
Ethereum Deflation Hits Record High Six Months After Merge, What This Means For ETH

VanEck Predicts Ethereum (ETH) To Reach $11,800, Here’s When

June 5, 2023
Hedera, BTC, Litecoin, XRP Prices Wait for a $50 Trillion Black Swan Event

Hedera, BTC, Litecoin, XRP Prices Wait for a $50 Trillion Black Swan Event

June 5, 2023
Crypto Traders Suffer $320M Losses in Liquidations as BTC, ETH, BNB Prices Drop Amid Binance SEC Lawsuit

Crypto Traders Suffer $320M Losses in Liquidations as BTC, ETH, BNB Prices Drop Amid Binance SEC Lawsuit

June 5, 2023
Tuesday, June 6, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Blockchain

Boerse Stuttgart Stock Exchange Taps BaFIN License to Offer Crypto Custody

by Cuevas Antonio
March 31, 2023
in Blockchain
0
Boerse Stuttgart Stock Exchange Taps BaFIN License to Offer Crypto Custody
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Ranking as the sixth largest stock exchange in the European Union and second in Germany, Boerse Stuttgart is committed to doubling down on its track record concerning its new crypto service offerings.

German stock exchange service provider Boerse Stuttgart Exchange has landed the license to offer a crypto custody service from the country’s top financial regulator BaFin. As reported by FinanceFeeds, the license will now position Boerse Stuttgart as a one-stop shop for service providers ranging from crypto brokerages and trading for institutional investors.

The license is the first of its kind in the country which has shown an extremely bullish affinity for digital currencies over the past few years. The license tapped by Boerse Stuttgart was secured by Blocknox GmbH, a part of the brokerage’s Digital arm. With the license, the outfit will now be serving banks across all of Europe, as well as brokers, asset managers, and family offices.

“This is the first time that an established market participant has been licensed to hold cryptocurrencies in custody without any acquisitions. This completes the unique infrastructure we offer: of all the traditional service providers operating in the European crypto market, we are now the only one-stop-shop that’s fully regulated by BaFin in Germany for brokerage, trading, and custody of digital assets. For banks, brokers, asset managers, and family offices, this makes us the infrastructure partner of choice.”

While Germany is known as a very promising economy for the growth of digital currencies, securing the license to operate in this country from BaFin is considered one of the most difficult endeavors. Securing the license is a vote of confidence in the preparedness of Boerse Stuttgart to meet the guidelines to adhere to extant laws governing the nascent industry.

Following the launch of a crypto trading platform by Boerse Stuttgart, the license is even more revered considering that it helps bolster the firm’s offering across the board.

Boerse Stuttgart to Contribute to Crypto Transparency

Despite the embrace of digital currencies by German authorities, there is still a deep focus on adherence to market tenets that can bolster transparency. Ranking as the sixth largest stock exchange in the European Union and second in Germany, Boerse Stuttgart is committed to doubling down on its track record concerning its new crypto service offerings.

“Reliability, stability, and transparency form the basis for well-functioning crypto markets. The BaFin license reinforces us on our path to provide financial institutions across Europe with secure access to a growing market for digital assets using these core principles,” said Oliver Vins, Managing Director of Boerse Stuttgart Digital and the custodian blocknox.

The advancement of the crypto ecosystem in Germany is constantly been used as a yardstick by critics of the United States Securities and Exchange Commission (SEC) who believe the regulator is using strong-arm tactics to stiffen crypto innovation.

One crucial justification in this regard is the approval of a spot Bitcoin Exchange Traded Fund (ETF) by BaFin, a product that is yet to make its way into American markets despite broad industry clamor.

next

Blockchain News, Cryptocurrency news, News

Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Thank you!

You have successfully joined our subscriber list.



Source link

Tags: BaFINBoerseCryptoCustodyExchangeLicenseofferstockStuttgartTaps
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
What is Cloud Mining and How Does it Work?

What is Cloud Mining and How Does it Work?

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Crypto Kills Kittens & Steals Your Liver — Fear-mongering at Its Finest

Crypto Kills Kittens & Steals Your Liver — Fear-mongering at Its Finest

June 6, 2023
Implications For The Crypto Market And Signuptoken.com’s Millionaires Club

Implications For The Crypto Market And Signuptoken.com’s Millionaires Club

June 6, 2023
Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-Time High

Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-Time High

June 6, 2023

Recent News

Crypto Kills Kittens & Steals Your Liver — Fear-mongering at Its Finest

Crypto Kills Kittens & Steals Your Liver — Fear-mongering at Its Finest

June 6, 2023
Implications For The Crypto Market And Signuptoken.com’s Millionaires Club

Implications For The Crypto Market And Signuptoken.com’s Millionaires Club

June 6, 2023
Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-Time High

Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-Time High

June 6, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Crypto Mining
  • Cryptocurrencies
  • Culture
  • Dogecoin
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • Litecoin
  • Market
  • News
  • Uncategorized

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved