Siemens Energy, a subsidiary of the German conglomerate Siemens, has received a guarantee of 7.5 billion euros from the German government. This guarantee is part of a larger package totaling 15 billion euros, which includes guarantees from private banks. The government will only provide the guarantee if other parties involved also contribute their share. In […]
In a groundbreaking move, German lawmaker Joana Cotar has expressed her support for recognizing Bitcoin as legal tender in Germany. Cotar, a member of the German Bundestag, has launched the “Bitcoin in the Bundestag” initiative to educate her parliamentary peers about the benefits of Bitcoin. She emphasizes its potential for financial freedom, privacy protection, and […]
Fidelity, a major money management company, has filed for the creation of an exchange-traded fund (ETF) focused on Ethereum’s ether (ETH). The proposed Fidelity Ethereum Fund aims to be listed on an exchange owned by Cboe Global Markets. This move comes as Fidelity seeks to expand its crypto offerings, following in the footsteps of rival […]
Stablecoins, a type of digital currency pegged to a fiat currency like the USD, are facing challenges in maintaining stability and regulatory control, according to a study by the Bank for International Settlements (BIS). The study highlights the weaknesses of stablecoin settlement mechanisms, drawing parallels with the Eurodollar and foreign exchange markets. Unlike fiat currencies, […]
The Commerzbank, Germany’s fourth-largest bank, has been granted a license by the Federal Financial Supervisory Authority (BaFin) to custody crypto assets. This makes Commerzbank the first universal bank in Germany to receive such a license. The license allows the bank to custody cryptocurrencies like Bitcoin and Ether, as well as tokenized securities issued on the […]
Commerzbank, a leading German full-service bank, has achieved a significant milestone by becoming the first bank in Germany to receive a Crypto Custody Licence. This license allows the bank, which manages assets worth $536 billion, to offer a wide range of digital asset services, with a focus on popular cryptocurrencies like Bitcoin, XRP, and IOTA. […]
German banking giant Commerzbank has become the first full-service bank in Germany to receive a crypto custody license under the German Banking Act. This license allows Commerzbank to offer custody services for crypto assets and develop further digital asset services. The bank’s COO, Dr. Jörg Oliveri del Castillo-Schulz, sees this as a significant milestone and […]
Commerzbank, a major German bank, has obtained a cryptocurrency custody license, becoming the first full-service bank in Germany to do so. This license allows the bank to expand its digital asset offerings and provide custodial services for crypto assets. Commerzbank plans to establish a secure and compliant platform using blockchain technology for these services. The […]
The global movement to promote crypto tax transparency is gaining momentum, with new requirements being placed on participants in digital asset markets in Europe and the U.S. These initiatives aim to ensure that transactions are reported and that participants comply with other provisions. This increased transparency is intended to address concerns about tax evasion and […]
Commerzbank, one of the largest banks in Germany, has received regulatory approval to offer crypto custody services, making it the first full-service bank in the country to do so. The approval was granted by the Federal Financial Supervisory Authority (BaFin) under the German Banking Act. This milestone allows Commerzbank to develop digital asset solutions, including […]
