Crypto companies will now require BaFin license to operate in Germany

Any crypto firm operating from German soil might have to struggle in the upcoming quarter as the country’s financial regulator, BaFin is preparing to implement new Anti Money Laundering regulations, which cover crypto assets as well as security tokens. According to experts, it’s not exactly a German crypto regulation, but much rather a preventive measure to avoid any unwanted illegal transactions through the blockchain. Recognizing cryptocurrencies as financial instruments may not be the best news for those against the crypto tax, but in the eyes of BaFin, it’s the best way to track most of the crypto reserves in the