Cooperation Between Bitcoin Deutschland GmbH and Fidor Bank AG
First trading platform for Bitcoins in Europe entered into cooperation with a bank that is regulated by the German Financial Supervisory Agency (BaFin).
The virtual currency is now also in Germany to leave behind its marginal existence. Worldwide, there are meanwhile about 500.000 transactions a day in this currency. The low transaction fees are now to tempt the German citizens – with strict observance of the BaFin rules. This is why Bitcoin Deutschland GmbH recently announced the company’s cooperation with the Munich based Fidor Bank AG.
The leading German web 2.0 bank Fidor relied on the Munich team of HEUSSEN LAW. The provider of the leading trading platform for Bitcoins in Germany (http://www.bitcoin.de) got legal advice from the specialized law firm WINHELLER (Frankfurt): especially on questions related to bank supervision, during the negotiations regarding the cooporation agreement with Fidor Bank AG and in connection with the legally compliant structuring of client relations.
Experts have been aware of Bitcoins for years. Hardly noticed as “digital currency” a few years ago, the distribution and acceptance of Bitcoins has meanwhile increased immensely.
Thanks to the cooporation with the Fidor Bank AG (http://www.fidor.de), Bitcoin Deutschland GmbH is going to convey Bitcoins on its platform http://www.bitcoin.de as an intermediary bound by contract through a bank authorized in Germany. So http://www.bitcoin.de is the first Bitcoin trading platform in Europe with a direct cooporation with a bank regulated by the Financial Supervisory Authority. The cooporation partners thereby set the standard for the up to now unregulated market of Bitcoins.
About Bitcoin Deutschland GmbH
Since 2011, Bitcoin Deutschland GmbH has been operating Germany’s first and biggest marketplace for the trading of bitcoins by private individuals from the EU, EEA, and Switzerland on http://www.bitcoin.de. In this context, Bitcoin Deutschland GmbH acts as a trustee for the bitcoins posted for sale by the sellers and provides assurance to buyers that the bitcoins they acquire really exist. In addition, the users can deposit their bitcoins on bitcoin.de free of charge. Bitcoin Deutschland is planning to provide additional features like real-time trading via directly connected banking accounts or opportunities for online traders to use bitcoins as means of payment in the future.
Bitcoin Deutschland GmbH: http://www.bitcoin.de/
About WINHELLER Attorneys at Law
WINHELLER with its main office in Frankfurt, Germany, specializes in Business Law and the Law of Nonprofit Organizations. WINHELLER Attorneys at Law provide their national and international clients with comprehensive, results-oriented legal advice on issues of Corporate Law, Employment Law, Tax Law, Intellectual Property Rights Law as well as Banking and Finance Law. Various institutions and wealthy individuals also rely on the law firm’s expertise in the fields of the Law of Foundations and the Law of Nonprofit Organizations
WINHELLER is a member of the International Society of Primerus Law Firms.
WINHELLER Attorneys at Law: http://www.winheller.com/
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