BaFin on Bitcoins - A Blueprint for Europe?
In an oft overlooked statement German Federal Financial Supervisory Authority (BaFin) in December 2011 commented on Bitcoins. Although this statement directly concerns only Bitcoin businesses domiciled in Germany, one should be aware that BaFin is one of the most influential regulatory bodies in the EU. BaFin's statement could therefore be a blueprint....
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Bitcoins continue to keep supervisory authorities, businesses and users as well as speculators busy. On 19 December 2013 the German Federal Financial Supervisory Authority (BaFin) published its input to the vivid discussion on how Bitcoins are presently regulated in Germany. BaFin puts some points in concrete terms (especially trading with Bitcoins) and confirms some preceding views of the German Ministry of Finance and BaFin itself described in our prior article dated 27 November 2013 (only available in German). The interest in and – consequently – the demand for Bitcoins remains at a....
Qatar’s recently released “National Blockchain Blueprint” has suggested that the technology, combined with a “solid regulatory framework,” can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint.
Qatar Said to Be Well Placed to Become Blockchain Hub
A blueprint jointly drafted by Qatar’s Communications Regulatory Authority (CRA) and two learning institutions, Hamad Bin Khalifa University and Qatar University, seeks to....
All over the news in Germany last weekend was a reply by the German Ministry of Finance to an inquiry in parliament. The Ministry announces that Bitcoins are officially recognized. Some weeks ago already the German Federal Financial Supervisory Authority (BaFin) amended a guidance to the definition of "financial instruments" in the German Banking Code and stated that Bitcoins are financial instruments. Through this official recognition and definition of Bitcoins Germany has become the first country in the world that sets clear-cut rules for Bitcoins. However, there are some drawbacks:....
How a man that got into an argument with Stalin may have developed the blueprint for Bitcoin’s political phase.
Bitcoin Deutschland GmbH has received confirmation that, from 7th August, it will be registered with BaFin, Germany's Federal Financial Supervisory Authority. The company operates bitcoin.de, a marketplace where people can exchange fiat currencies for bitcoins (and vice versa) with each other. Bitcoin.de has an arrangement with Fidor Bank, which means it is licensed to operate as a 'finance intermediary' while Fidor Bank bears the liability for bitcoin.de's operations. Stefan Greiner, of Xenion Legal, said: "This arrangement, as such, is nothing special as thousands of so-called....