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BaFin


Felix Hufeld, chief of Germany’s financial watchdog, has said blockchain technology is “revolutionary” and its applications could turn the entire financial sector “upside down.” Hufeld, who is president of the German Financial Supervisory Authority (BaFin), made the remarks during a speech at an event in Berlin last week in which he described the regulator’s thinking …

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Germany’s financial markets regulator has issued new guidance on how it will classify tokens sold during initial coin offerings (ICOs), including those it will consider securities. On Feb. 20, the Federal Financial Supervisory Authority (BaFin) issued a letter of advice, announcing the move in light of an influx of inquiries from businesses looking to host token …

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German Financial Supervisory Authority (BaFin) has ordered Crypto.exchange GmbH, a Berlin-based exchange, to immediately stop acting as a financial broker. The order was issued after the exchange advertised on its website, btc-now.de, that it would sell customer’s bitcoins for euros and sell them on a stock exchange, says BaFin in a statement. The company claimed that the …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Germany’s primary financial and securities regulator has joined a growing list of global counterparts in warning investors of initial coin offering (ICO) risks. The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), German for the Federal Financial Supervisory Authority has warned investors of “substantial risks” in …

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Germany’s top finance regulator has issued an investor warning on initial coin offerings (ICOs), becoming the latest markets watchdog to comment on the blockchain use case. The Federal Financial Supervisory Authority (BaFin) said today that investors should be wary of the “numerous risks” involved in token sales, including “the possibility of losing their investment completely.” The …

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