Cryptocurrency Exchange Bitpanda Approved by Germany: Licensed

Austrian-based cryptocurrency exchange Bitpanda has received a commercial operating and custody license from Germany’s financial regulator.

bitpanda 22 November In a statement published on its official website on From the Federal Financial Supervisory Authority (BaFin) cryptocurrency trading service and storage license announced that he had

The company is in the German market thanks to the licenses it has obtained. reliable, safe and subject to strict control stated that it will provide an active service in an active way. In addition, the company believes that this license is an important step towards its goals of creating a fully regulated environment for crypto investments in Europe. milestone stated that.

Bitpanda CEO Eric Demuth said in a statement that the preparations for obtaining a license from Germany months stated that it continues. Citing reports of the FTX bankruptcy, the CEO said that being subject to BaFin audit customer and company assets from each other makes it necessary to strictly separate also highlighted.

Earlier Austria, France, Italy, Spain, United Kingdom, Czech Republic and Sweden Bitpanda, which received regulatory approval from many European countries, including Germany-based Neobank N26, last month provided Australian customers with a mobile application. cryptocurrency service had begun to offer.

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