Six financial institutions in Germany are already “dealing” in cryptocurrency in some form, the country’s finance ministry has confirmed.
BaFin Confirms Cryptocurrency ‘Dealing And Possible Acquisition’
Responding to an inquiry from Thomas Lutze — a member of left-wing populist political party The Left — the Federal Financial Supervisory Authority (BaFin) confirmed that cryptocurrency activity is ongoing in institutions under its jurisdiction, Reuters reported.
BaFin’s response related to the “dealing in or possible acquisition of” cryptocurrency, but did not name the banks or related entities involved.
While several players in the banking industry became notable first movers on the German market several years ago by offering Bitcoin exposure to clients, the country continues to drag its feet on the broader issue of regulation and classification of virtual assets.
Last month, BaFin members nonetheless offered expertise to Georgia’s central…