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Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians

Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians – Sunriseread

Germany’s Monetary Supervisory Authority (BaFin) is clarifying how the nation’s new cryptocurrency custody regulation will apply to corporations that function exterior of Germany however nonetheless serve the German market. In its newest steerage launched in January, the regulator stated corporations already custodying digital belongings for Germans wouldn’t be penalized for not having a license.