BitMEX execs reveal EU expansion with German bank acquisition
Founded by BitMEX execs, the BXM Operations plans to expand operations in Europe through the acquisition of the German bank Bankhaus von der Heydt. Founded by BitMEX Group CEO Alexander Höptner and CFO Stephan Lutz, BXM Operations AG announced today its plans to acquire Bankhaus von der Heydt, one of the oldest banks in Europe, to create a regulated crypto one-stop-shop in Germany, Austria and Switzerland.Dietrich von Boetticher, the owner of the German bank, and BXM have already signed a purchase agreement. However, it still requires the approval of BaFin, the German financial services....
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Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.” Bitmex Plans to Become a Regulated Crypto Powerhouse Cryptocurrency exchange Bitmex announced Tuesday a purchase agreement of Bankhaus von der Heydt, a German bank located in Munich, by BXM Operations AG, a company founded by Bitmex CEO Alexander Höptner and CFO Stephan Lutz. Bitmex tweeted Tuesday: We’re one step closer to creating a....
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said. German Bank Offering Crypto ETPs to Clients German direct bank Comdirect AG is now offering 11 cryptocurrency exchange-traded products (ETPs) from 21shares AG. The bank provides online brokerage, banking, and advisory services in Germany. Announcing that its exclusive partnership with Comdirect was....
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said the U.S. Department of Justice. Bitmex’s Founders Guilty of Bank Secrecy Act Violations The U.S. Department of Justice (DOJ) announced Thursday that the founders of cryptocurrency derivatives exchange Bitmex have pled guilty to violating the Bank Secrecy Act (BSA). The DOJ stated: Arthur Hayes....
Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U.S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences. One of the Bitmex founders has already been arrested. Bitmex and Owners Charged in US Federal prosecutors and the Commodity Futures Trading Commission (CFTC) independently announced parallel actions against the cryptocurrency derivatives trading platform Bitmex and its owners on Thursday. The CFTC has charged five entities and three....
German prosecutors have hired a bank to “clean” cryptocurrency seized in criminal cases. “As the cryptocurrencies are related to crime, they are considered ‘contaminated coins’ and cannot be traded on mainstream exchanges,” the bank said.
Bank Hired to Clean Cryptocurrency Seized in Criminal Cases
The anti-cybercrime unit of the Frankfurt General Prosecutor in the German state of Hesse has reportedly hired Bankhaus Scheich Wertpapierspezialist AG to “clean” cryptocurrencies worth about 100 million euros ($113 million),....