License Must For Crypto Firm In Germany From 2020

The financial regulator of Germany Federal Financial Supervisory Authority (BaFin) has declared that tarting from January 1, 2020 it would implement strict EU anti-money laundering (AML) regulations and all crypto companies would have to obtain a license to operate. Free Democratic Party member Schäffler said, “The government is now forcing cryptocurrency trading platform providers to overrun the country and seek another location in the EU,”

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