The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019

The operator of Germany’s only regulated cryptocurrency exchange has confirmed it will de facto become a bank after securing a 100 percent takeover of Tremmel Wertpapierhandelsbank. Bitcoin.de Buys Tremmel Wertpapierhandelsbank Bitcoin Group SE, which operates Bitcoin.de, will be able to offer a raft of services connected with cryptocurrency thanks to a banking license once the […]

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Swiss Regulator: Crypto Assets Need 800% Risk Weighting In Absence Of Formal Rules

Swiss financial regulator has informally signaled cryptocurrency investments should have a risk weighting ratio of 800 percent of the original amount. FINMA Highlights Bank, Dealer Queries According to local news media outlet Swissinfo, the Swiss Financial Market Supervisory Authority (FINMA) revealed the figure in October in response to a query by trustee and accountant association […]

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‘Digital Currency Is Basically A Fallacy’ Says Finland Central Bank

The Bank of Finland (BoF) has released a 133-page paper arguing the concept of digital currency is an “illusion.” BoF: ‘Fundamental Nature’ Of Digital Currency ‘Elusive’ BoF head of digitalization Aleksi Grym The document, compiled by the Finnish central bank’s head of digitalization Aleksi Grym, claims the world has become “muddled” about the difference between […]

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Weiss Ratings: Cryptocurrency Will Become ‘Fundamentally Safer’ Than Banks

Wilma Woo · May 23, 2018 · 11:00 pm The founder of Weiss Ratings Agency Martin D. Weiss has forecast that an upcoming rule change in US banking will compel investors to move their money away. Spotlight On Volcker Rule Change Timing In a dedicated blog post about the watering down of the Volcker Rule, […]

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Embattled Rabobank Unveils ‘Cryptocurrency Wallet’ in a Major U-Turn

Wilma Woo · February 28, 2018 · 6:00 am The Dutch bank, which was fined $369 million for money laundering after calling Bitcoin “risky,” now plans to offer a cryptocurrency wallet. Rabobank: Store You Crypto With ‘Trusted’ Bank Hosts In what would represent a curious U-turn in its perspective on Bitcoin, Rabobank has launched a […]

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