German Court Ruling Raises Questions about Bitcoin’s Legal Status

Until recently, Germany’s Federal Financial Supervisory Authority (BaFin) classified bitcoin as a financial instrument, but a subsequent court ruling disclaimed this categorization and decided that the cryptocurrency does not meet this definition under the terms of the German Banking Act (KWG). Bitcoin Unrecognizable to German Legal Framework The Berlin Court of Appeal in September dismissed The post German Court Ruling Raises Questions about Bitcoin’s Legal Status appeared first on CCN

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This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account

German blockchain banking service Bitwala is set to launch the first-ever platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. This system is planned to kick off by November with an estimated 30,000 customers who have already signed up for the service. The biggest initial investor The post This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account appeared first on CCN

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