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Retail FX

lemon.markets Teams Up with Banking Giants to Launch Brokerage-as-a-Service

  • Berlin FinTech starts a new platform with BNPP and Deutsche Bank support.
  • In January, lemon.markets received a BaFin license to offer white-label brokerage solutions.
Thursday, 14/03/2024 | 09:59 GMT by Damian Chmiel
Retail FX

BaFin Probes Unapproved Financial Operations and Identity Theft

  • FXFlat Bank GmbH has disclaimed any affiliation with the website.
  • The alleged manager in Ratingen falsely claims BaFin authorization while operating in Italian.
Friday, 09/02/2024 | 10:47 GMT by Tareq Sikder
Retail FX

Regulators Flex Tech Muscle: Report Reveals Global Surge in Financial Fines

  • The SEC and CFTC jointly imposed $9.2 billion in penalties.
  • The FCA experienced a seven-year low with only eight fines totaling £52.8 million.
Thursday, 25/01/2024 | 12:05 GMT by Tareq Sikder
CryptoCurrency

Commerzbank Secures Crypto Custody License from German Regulator

  • It is the first "full-service" German bank to secure this license.
  • The bank plans to leverage blockchain technology to provide crypto custody services to institutional clients.
Wednesday, 15/11/2023 | 15:51 GMT by Tareq Sikder
Retail FX

Bafin Exposes Identity Fraud and Flags Risks of Unregulated Financial Services

  • The website asserts its base in London without providing additional details or legal information.
  • Consumers are advised to check BaFin's authorized companies database.
Tuesday, 14/11/2023 | 17:53 GMT by Tareq Sikder
Retail FX

German Regulator Flags Investment Website Engaged in Identity Fraud

  • Representatives of the website are contacting victims of another online fraud.
  • The fraudulent website offers CFDs of several asset classes.
Monday, 13/11/2023 | 11:19 GMT by Arnab Shome
CryptoCurrency

BitGo Secures German Crypto Custody License from BaFin

  • The supervision by BaFin was conducted within the framework of a transitional regime.
  • In 2021, the firm was approved for a New York trust charter.
Wednesday, 01/11/2023 | 10:52 GMT by Tareq Sikder
Institutional FX

BaFin Slaps Deutsche Bank with €170,000 Fine for Lapses in Reporting Compliance

  • The bank allegedly delayed reporting suspicious transactions.
  • BaFin stated that timely reports are crucial in preventing money laundering.
Thursday, 19/10/2023 | 20:30 GMT by Jared Kirui
CryptoCurrency

BaFin Doubles Crypto Regulatory Activities in 2023, Eyes AI

  • The regulator aims to build more trust in the cryptocurrency sector.
  • On top of that, it wants to leverage the opportunities offered by AI.
Thursday, 21/09/2023 | 08:55 GMT by Damian Chmiel
Retail FX

News Nuggets | 12 September: Tickmill Offers Social Trading; Beware the MetaMask Clone

  • Also, Coinbase Prime introduced the Web3 wallet; Adyen achieved the network tokenization milestone.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 12/09/2023 | 10:48 GMT by Finance Magnates Staff
Retail FX

BaFin Website Remains Down for Fourth Day after Cyberattack

  • The German regulator was attacked on Friday.
  • The official website of the institution is still unavailable.
Monday, 04/09/2023 | 09:38 GMT by Damian Chmiel
Retail FX

Are Social Traders Laggards? Research by Germany's BaFin Suggests So

  • Only 16% of over 1,000 surveyed German investors deploy social trading.
  • The majority of social traders struggle to distinguish BTC from fiat buys.
Friday, 18/08/2023 | 15:51 GMT by Solomon Oladipupo
Retail FX

News Nuggets | 17 August: Fortex Integrates with Haame CRM; Colt Partners with AsiaNext

  • Also, CME launches APAC reference rates for cryptos; BaFin investigates fraudulent firms.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 17/08/2023 | 10:23 GMT by Finance Magnates Staff
Retail FX

News Nuggets | 16 August: eToro Partners with Reflexivity; BaFin Exposes Fortex Clone

  • Also, Brokeree adds new languages to the Social Trading app; Cboe fines Goldman Sachs.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 16/08/2023 | 10:58 GMT by Finance Magnates Staff
CryptoCurrency

Germany Joins Anti-Binance Sentiment, BaFin Rejects License Application

  • Local media reports that BaFin rejected Binance's application for a crypto custody license.
  • This is another European country where Binance is encountering problems.
Thursday, 29/06/2023 | 11:02 GMT by Damian Chmiel
Retail FX

News Nuggets | 15 June: ASIC Cancels License; BaFin Probes Illegal Trading Brands

  • Bitpanda introduces a new product; TradingView teams up with StakingRewards.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 15/06/2023 | 10:04 GMT by Finance Magnates Staff
Institutional FX

Silicon Valley Bank Is Back in Germany after Creating New Subsidiary

  • The original Silicon Valley Bank transferred all its assets to Silicon Valley Bridge Bank N.A.
  • It allowed SVB to register a new German subsidiary and obtain BaFin authorization.
Tuesday, 21/03/2023 | 11:35 GMT by Damian Chmiel
Retail FX

BaFin Takes Action against Silicon Valley Bank Germany Branch

  • BaFin issues regulatory updates regarding the German branch of Silicon Valley Bank.
  • The supervisor decided to ban the institution's further operations temporarily.
Monday, 13/03/2023 | 12:15 GMT by Damian Chmiel
Retail FX

BaFin Fines flatexDEGIRO €1.05M with Orders to Fix Supervisory Controls

  • The regulator appointed a special representative for the company.
  • Stock prices of flatexDEGIRO plummeted after the regulatory action.
Monday, 27/02/2023 | 11:07 GMT by Arnab Shome
Institutional FX

Deutsche Bank's 'Project Teal' Probe on FX Mis-Selling to End after 3 Years

  • ECB and BaFin are "not satisfied" with Deutsche Banks' internal probe.
  • The investigation may lead to another round of financial penalties.
Monday, 20/02/2023 | 12:47 GMT by Damian Chmiel
Institutional FX

Regulators Slapped Industry with Record Fines in 2022, SEC in the Lead

  • WhatsApp crackdown amounted to fines of $1.1 billion.
  • Also, European regulators imposed high penalties although visibly lower than the SEC.
Tuesday, 31/01/2023 | 12:17 GMT by Damian Chmiel
Retail FX

Germany’s BaFin Says Online Broker MainTrade Not Authorized

  • BaFin said it reached the decision based on information on the broker's website.
  • The German regulator issued warnings against a number of firms in 2022.
Friday, 13/01/2023 | 13:06 GMT by Solomon Oladipupo
Regulation

BaFin Raises Alarm on Trojan ‘Godfather’ Affecting Banking and Crypto Apps

  • Cybersecurity firm Group-IB also recently urged caution against the malware.
  • The malware infected over 400 platforms last year.
Monday, 09/01/2023 | 14:35 GMT by Solomon Oladipupo
CryptoCurrency

BaFin President Seeks Global Crypto Regulation

  • The President said a self-regulatory approach would not work for crypto.
  • BaFin is overseeing the crypto sector in Germany.
Thursday, 15/12/2022 | 11:58 GMT by Arnab Shome
CryptoCurrency

Bitpanda Obtains Crypto License in Germany

  • The crypto startup is regulated in seven different European states.
  • A broad portfolio of regulatory licenses should increase assets' security.
Tuesday, 22/11/2022 | 09:47 GMT by Damian Chmiel
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