ChainCatcher news, Crypto Finance announced that the German regulator BaFin has granted four licenses to its German subsidiary. The Swiss Financial Market Supervisory Authority (FINMA) has been overseeing this institution-focused Swiss company, whose parent company is Deutsche Börse, which was acquired in 2021. Deutsche Börse plans to launch the institutional cryptocurrency exchange Deutsche Börse Digital Exchange (DBDX) this year.

ChainCatcher news, according to CoinDesk, Germany's financial regulator BaFin has requested that Futurum Bank, a subsidiary of the ADE Group, address some deficiencies in its internal anti-money laundering measures. The regulator found "serious deficiencies" in the subsidiary's internal security measures, due diligence obligations, and suspicious activity reporting systems.The ADE Group stated on Wednesday that it is taking steps to address these deficiencies. "There are currently no indications that there are violations of money laundering and terrorist financing laws within the group."

ChainCatcher news, according to CoinDesk, digital asset custodian BitGo has obtained a cryptocurrency custody license granted by the Federal Financial Supervisory Authority (BaFin) of Germany.BitGo received approval for the New York Trust Charter from the New York Department of Financial Services (NYDFS) in 2021 and has been storing crypto assets for its clients under BaFin's supervision since 2019 as part of a transitional regime.

ChainCatcher news, according to sources from Finance Forward, the German financial regulator BaFin has decided not to grant a custody license to the cryptocurrency exchange Binance. It is still unclear whether this is a formal cancellation or if the regulators have expressed their intentions during ongoing negotiations.According to previous reports, on June 26, Binance withdrew its application for an Austrian license under pressure from regulators. Additionally, Binance had previously abandoned its registration with the Cyprus Securities Regulator, and after a failed attempt to register, decided to exit the Netherlands, and was also ordered to cease operations in Belgium. (source link)

ChainCatcher news, the digital division Blocknox of the Stuttgart Stock Exchange (Boerse Stuttgart) has received the final license for cryptocurrency custody from the country's financial regulator BaFin. This license will allow Boerse Stuttgart Digital to provide trading and trust custody services for institutional investors.Boerse Stuttgart is the sixth largest stock exchange in Europe, and the company launched a cryptocurrency trading app in 2018, which exceeded $1 billion in trading volume in 2020. (CoinDesk)

ChainCatcher news, cryptocurrency custodian Finoa has received three license approvals from the Federal Financial Supervisory Authority (BaFin) of Germany, including custody license approval, broker-dealer license approval, and proprietary trading license approval.In addition, Finoa has completed a strategic venture capital investment led by new investor Middlegame Ventures, with existing investors including Balderton Capital, Coparion, Venture Stars, and Signature Ventures. Finoa has not disclosed the specific amount of financing.It is reported that Finoa completed a $22 million Series A financing in 2021, led by Balderton Capital. (CoinDesk)