{"id":7852,"date":"2024-09-10T10:54:23","date_gmt":"2024-09-10T08:54:23","guid":{"rendered":"https:\/\/winheller.com\/blog\/en\/?p=7852"},"modified":"2024-09-12T16:27:17","modified_gmt":"2024-09-12T14:27:17","slug":"licence-crypto-atms-germany","status":"publish","type":"post","link":"https:\/\/winheller.com\/blog\/en\/licence-crypto-atms-germany\/","title":{"rendered":"Crypto Business Models in Germany: No License? No Crypto ATMs!"},"content":{"rendered":"
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\"Crypto<\/a><\/figure>\n<\/div>\n\n\n

The German Federal Financial Supervisory Authority (BaFin) has issued a fresh reminder via a press release, highlighting the stringent regulatory requirements<\/strong> for operators of crypto business models<\/strong> in Germany. Services encompassing trading<\/strong>, custody<\/strong>, and advising<\/strong> in relation to cryptocurrencies are particularly under the microscope.<\/p>\n\n\n\n

A key area of interest is the operation of cryptocurrency ATMs<\/strong>, designed to enable users to directly buy or sell cryptocurrencies for cash. Recently, BaFin has seized a significant number of unlawfully installed crypto ATMs<\/strong> across major German cities.<\/p>\n\n\n\n

The authority emphasizes that operators must possess the appropriate licenses<\/strong> to operate such machines. Operators who fail to adhere to these legal prerequisites face serious sanctions<\/strong>, spanning from steep fines to criminal repercussions.<\/p>\n\n\n\n

WINHELLER attorneys support during license procedures<\/h2>\n\n\n\n

For businesses operating within this swiftly expanding and intricate market, securing legal protection<\/strong> and acquiring all necessary permits<\/strong> is vital. As a law firm specializing in crypto business models, we bring our extensive expertise to the table.<\/p>\n\n\n\n

We provide assistance in applying for the required licenses with BaFin<\/a><\/strong> and the Bundesbank, including those for crypto ATMs. We will guide you in making your business model legally compliant<\/strong> and secure. We ensure you fulfill the legal requirements, paving the way for a successful operation of your crypto business. Do not hesitate to contact us with your queries!<\/p>\n\n\n\n

WINHELLER supports during financial supervisory authority procedures<\/h2>\n\n\n\n

Have you been approached by the Deutsche Bundesbank or BaFin because you kick-started your project without seeking advice beforehand?<\/p>\n\n\n\n

We are more than willing to assist you, develop a solution together<\/strong>, and take charge of communication with the financial authorities on your behalf. Please do not hesitate to share your questions and any past correspondence with the financial authorities with us.<\/p>\n\n\n\n

Continue reading:
Crypto Assets: Regulation of Payment for Order Flow in Germany<\/a><\/strong>
Electronic Vouchers: Regulatory Requirements for Issuance and Distribution in Germany<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":36,"featured_media":7857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1363,1152],"tags":[],"class_list":["post-7852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-regulations","category-digital-currencies"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/posts\/7852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=7852"}],"version-history":[{"count":5,"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/posts\/7852\/revisions"}],"predecessor-version":[{"id":7870,"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/posts\/7852\/revisions\/7870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/media\/7857"}],"wp:attachment":[{"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=7852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=7852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/winheller.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=7852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}