Since June 2021, a new law – the German Electronic Securities Law (eWpG)- allows for electronic securities. Whereas former securities had to be issued in the form of a certificate, new securities can be issued by electronic means only. These…
The world of blockchain and crypto assets is still in its beginning, even if the technology is known for more than a decade. Crypto assets, being it Payment Token, Utility Token or work of art blockchained as NFTs, are capturing…
It almost seems like every day is Groundhog Day. BaFin warns publicly of another crypto exchange. Cakedefi.com is offering its crypto services to German customers – by means of a website in deutsch (German language). As reported before, this is…
Binance.com is one of the largest digital asset exchanges in the world – but is still unlicensed. To certain fiat money payment services Binance refers to Binance UAB, a subsidiary in Vilnius, Lithuania. Is that enough? The Bank of Lithuania,…
BaFin prosecutes non-registered crypto brokers, such as crypto-brokers.de, which offer their services in Germany but do not have the necessary licences. One main aspect for BaFin to open a prosecution or issue a warning to public is whether the regulated…