Bitpanda has received the largest crypto licence from the German regulator BaFin
The full article was originally published by Bitpanda. Read the full article here.
There is a reason to celebrate! We are pleased to announce that we are the first European retail investment platform to receive a full licence from the German regulator BaFin for custody and proprietary trading of crypto assets.
At Bitpanda, we firmly believe that the right path is not always necessarily the easiest one. We have been pioneering cryptocurrencies for eight years now and hold the most licences and registrations for them in Europe. Bitpanda operates business based on various VASP registrations, as well as MiFID II, E-Money and PSD II licences amongst all its core markets.
But that’s not all: as we expand internationally, the number of relevant licences and registrations is increasing, ensuring that we are fully regulated and always act in the best interest of our community.
Bitpanda is safe, trustworthy and regulated
The last few days have made it clear why choosing a regulated and secure investment platform is absolutely essential. Ultimately, in an industry where many unregulated players are more interested in vying for the favour of investors or maximising revenues, we remain focused on consumer protection. Because for us both the security of our community and the security of our users’ digital assets will always come first. To ensure this, the Bitpanda Group complies with all European laws and regulations.
Because of that commitment, we can now add another very important licence to the several we already hold. The German Federal Financial Supervisory Authority, also known as BaFin, has granted us the licence for custody and proprietary trading of crypto assets.
What does the BaFin licence mean for Bitpanda?
The BaFin licence allows us to actively market and offer services in the German market – securely, reliably and strictly regulated. Furthermore, this licence is an important milestone towards our overarching ambition to create a fully regulated environment for crypto investments in Europe.
We will continue to work hard to provide industry-leading and fully compliant financial services. Only by doing so will we manage to equip both retail investors and businesses with the tools they need to build an independent financial future.