Posts tagged with "Crypto Custody"



Delegated Staking as Crypto Management – BaFin Assumes Authorization Requirement in Certain Constellations
21. June 2021
BaFin often qualifies the services of providers of delegated staking solutions as a crypto custody business in the form of crypto management which requires authorization. What are the options for providers to circumvent the obligation to obtain authorization?

Crypto Custody Services provided by Investment Firms – Will that still be Possible in the Future?
07. June 2021
The new Investment Firms Act (WpIG) creates a new supervisory regime for investment firms that shall no longer be be regulated under the provisions of the KWG in the future, according to BaFin’s legal interpretation. Will investment firms still be eligible for an authorization to offer crypto custody services which continue to be regulated under the KWG?

Definition of Crypto Custody Business – Changes After Only One Year?
25. January 2021
The Crypto custody business has been introduced as a regulated financial service in Germany a little over a year ago. But even prior to BaFin issuing the first explicit authorization to the first provider, the German legislator already plans to change the legal definition of the activity again.

05. October 2020
The German legislator intends to introduce the new financial service of crypto security registry management to the German Banking Act. But which activities shall be covered, who will need an authorization and what will be the requirements will have to be fulfilled by applicants?

21. September 2020
The German legislator intends to also extend the crypto custody business with the introduction of crypto securities. What does crypto custody business consist of in the future, what will be permitted and what will be prohibited?

07. September 2020
The German regulation regarding the custody of financial instruments as a service is rather confusing. What are the different businesses that can be authorized and how do they relate to each other?

31. August 2020
While the custody of traditional securities always requires a depository bank, security tokens can be taken into custody by crypto custody service providers or they can even be held in custody by the investor himself. What are the advantages of digital custody?

03. August 2020
The supervisory provisions offer little leeway for crypto custodians to distinguish their business model from competitors. Which ancillary activities next to the pure custody service are possible?

25. May 2020
Crypto custody business does not only include the custody, but also the administration of crypto assets. What exactly are the requirements that BaFin places on this variation of the crypto custody business which is subject to authorization and can it be fulfilled by delegating DPoS-coins?

18. May 2020
BaFin just published a new article on the AML obligations of crypto custodians last week. Does the article provide helpful information?

Show more