In fact, it’s not registered as a bank. It’s registered as a financial services company: https://www.crowdfundinsider.com/2016/10/91093-brief-german-bitcoin-sta

In fact, it’s not registered as a bank. It’s registered as a financial services company: https://www.crowdfundinsider.com/2016/10/91093-brief-german-bitcoin-startup-bitbond-recieves-bafin-licence/ https://www.crowdfundinsider.com/2016/10/91093-brief-german-... In addition, it’d be quite weird if a random startup can get a banking license just like this. Consider N26, the Berlin-based fintech “bank” and unicorn took years and just got theirs some months ago.