3 ms·
>Inter alia the following conditions must be met: -Initial capital of 730.000 Euros -Management must be professionally qualified -A detailed business plan mu
by JonSkeptic 13y ago
>Inter alia the following conditions must be met:
-Initial capital of 730.000 Euros
-Management must be professionally qualified
-A detailed business plan must be submitted
-Capital adequacy standards must be met
-AML mechanisms must be implemented
-Reports must be submitted to BaFin regularly
Well...are there any bitcoin exchanges that meet those requirements in Germany?
- rb2k_ 13y agobitcoin.de has some sort of cooperation with a German Bank: https://blog.bitcoin.de/en/bitcoin-de-und-fidor-bank-ag-vereinbaren-weitgehende-partnerschaft https://blog.bitcoin.de/en/bitcoin-de-und-fidor-bank-ag-vere... As from the start of the cooperation, which will be activated upon the registration with the German Federal Financial Supervisory Authority, Bitcoin Deutschland GmbH will become Fidor Bank AG’s so-called “tied agent” to conduct the bitcoin trading for Fidor Bank AG on bitcoin.de. That might help them with most of these things.