Archiv für die Kategorie ‘Banking Regulations’

Cryptobusiness Models: Germany, Estonia, or Liechtenstein?

Nov 1, 24 • Banking Regulations, Digital Currencies • No Comments • Dr. Annette Wagemann

Caution when setting up a business in another EU country In the recent past, Estonia and Liechtenstein have surfaced as enticing locations for the initiation of companies, especially within the realm of innovative finance and cryptobusiness models. These nations lure entrepreneurs […]
MiCAR: Updated Regulations for Cryptocurrency Issuers Effective from 30.06.2024

Sep 18, 24 • Banking Regulations, Digital Currencies • No Comments • Dr. Annette Wagemann

Since June 30, 2024, the German Financial Supervisory Authority BaFin has been overseeing issuers of ART (as per Title III of MiCAR) and EMT (as per Title IV of MiCAR), ensuring their compliance with the provisions of the MiCAR (Markets in […]
Crypto Business Models in Germany: No License? No Crypto ATMs!

Sep 10, 24 • Banking Regulations, Digital Currencies • No Comments • Dr. Annette Wagemann

The German Federal Financial Supervisory Authority (BaFin) has issued a fresh reminder via a press release, highlighting the stringent regulatory requirements for operators of crypto business models in Germany. Services encompassing trading, custody, and advising in relation to cryptocurrencies are particularly […]
Electronic Vouchers: Regulatory Requirements for Issuance and Distribution in Germany

Dec 20, 23 • Banking Regulations • No Comments • Dr. Annette Wagemann

The sale of vouchers or prepaid cards is increasingly being offered by more and more online retailers. These can be redeemed in the retailer’s online shop or at other retailers. Many online retailers also give away vouchers as part of their […]
PSD 3 & PSR: Implications for Licensed Payment Services in Germany

Sep 19, 23 • Banking Law, Banking Regulations • No Comments • Dr. Annette Wagemann

On June 28, 2023, the European Commission unveiled its draft for an updated European Payment Services Directive, known as the Payment Services Directive 3 (PSD 3). The aim of PSD 3 is to further streamline the laws across member states, while […]
Crypto Assets: Regulation of Payment for Order Flow in Germany

Mar 30, 23 • Banking Regulations, Digital Currencies • No Comments • Michael Kissler

Payment for order flow (PFOF) is a controversial practice in the financial and crypto industry. It involves brokers receiving payment from market makers for directing customer orders to them. What is PFOF? Payment for order flow is a practice in which […]
New BaFin Information Sheets: An Overview of The Most Important Changes

Jun 30, 20 • Banking Regulations • No Comments • Dr. Annette Wagemann

Changes for managers and supervisory bodies of regulated institutions under German supervisory law On June 3, 2020, the German Federal Financial Supervisory Authority (BaFin) submitted drafts of the information sheets it had revised as well as various forms of the Ordinance on […]
Crypto-Custody Business in Germany: BaFin Provides Licenses

Feb 14, 20 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Dr. Annette Wagemann

As WINHELLER reported lately, the fifth European Money Laundering Directive was implemented by the German parliament in November 2019. The directive came into force on January 1, 2020. As a result, Germany and the other member states of the European Union […]
Crypto Exchanges: German BaFin License And New Obligations

Dec 30, 19 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

On November 14, 2019, the German Bundestag passed a law to implement the fifth EU anti-money laundering directive. Among other things, it regulates cryptocurrencies and crypto custody transactions. Crypto exchanges now regulated by law The law also covers crypto exchanges which […]
Establishment of a Subsidiary for Financial Services in Germany

Sep 26, 19 • Banking Regulations • No Comments • Dr. Annette Wagemann

The establishment of a branch in Germany offers European companies an undreamt-of advantage. This advantage will be revealed below. Furthermore, the relevant supervisory law for the establishment of a subsidiary in Germany will be examined. Freedom of permission for the establishment […]