Germany

German financial regulator takes action against first bitcoin atms

German Financial Watchdog Takes Action Against Company Allowing Buy/Sell Crypto at Bitcoin ATMs

The head of the financial regulatory department in Germany is stopping all the services & operations of a company named ‘KKT UG’ from Berlin that allows consumers to buy and sell cryptocurrencies at Bitcoin ATMs. Lack of Necessary Permissions Lead to this Stopping According to a statement released on 4th March, BaFin ordered Mr. Adam […]

Deutsche Bank

Deutsche Bank: Cryptocurrencies Won’t Replace Cash Anytime Soon

Germany’s largest bank, Deutsche Bank, unveils that cryptocurrencies won’t replace fiat anytime soon. The bank says cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies. The German multinational investment bank, Deutsche Bank, predicts previously that cryptocurrencies will replace fiat by 2030. But now claims […]

Boerse Stuttgart

Boerse Stuttgart Launches A Regulated Crypto Exchange

The stock exchange in Germany, Boerse Stuttgart has launched a digital asset exchange on its digital arm, Digital Exchange of the Stuttgart Stock Exchange (BSDEX)…

Security Token Offering

Bitbond Will Launch Security Token Offering: First Of Its Kind

Bitbond, Germany based Blockchain lending platform is planning to launch a security token offering (STO). The firm claims itself to be the first one to launch an STO, by getting the approval of Germany’s financial regulator, BaFin. The STO will be open until July 8 for investors from all around the world except for the […]

Warning Against CoinBene

German Financial Regulator Issues Warning Against CoinBene

BaFin or Federal Financial Supervisory Authority of Germany has issued a warning against CoinBene, the crypto exchange. As per BaFin’s report, CoinBene is not registered under Germany’s banking Act and has no license for trading with cryptos. Further, it also says that CoinBene has been recruiting freelance crypto traders. These folks get their commission for […]

Merck Receives US Patent to Use Blockchain and AI for Product Authenticity

Merck Receives US Patent to Use Blockchain and AI for Product Authenticity

Merck, a German pharmaceutical company, has obtained a blockchain patent from the United States Patent and Trademark Office for using blockchain and Artificial Intelligence to curb counterfeit of physical medical objects. As stated, the platform uses machine learning to validate the authenticity of the physical objects by linking them to unique identifiers or “fingerprints” such as chemical signatures, DNA and image patterns.