NEW: The local arm of Austrian crypto exchange bitpanda has obtained a license from Germany's BaFin_Bund to provide services in the country. iamsandali reports
Austrian exchange Bitpanda has obtained a crypto license in Germany through its local unit, the company said Tuesday.
With the license from the German Federal Financial Supervisory Authority , Bitpanda Asset Management GmbH can independently offer crypto custody, as well as proprietary trading for crypto assets for German residents, the company said in a press release. "Additionally, Bitpanda will be able to maintain an order book and directly market services for crypto assets, enabling them to provide a secure and regulated environment for German customers to invest in a wide range of cryptocurrencies," the company said.
Regulators worldwide are closely watching the crypto industry as it reels from its latest upset – the fall of crypto exchange giant FTX. Germany is a member of the European Union, which its comprehensive framework for supervising crypto issuers and service providers looking to operate in the any of the 27 member states of the trade bloc.
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