RATE Group | BitPay Says It Has ‘Paused’ Processing Bitcoin Payments in Germany
56562
post-template-default,single,single-post,postid-56562,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

BitPay Says It Has ‘Paused’ Processing Bitcoin Payments in Germany

01 Aug BitPay Says It Has ‘Paused’ Processing Bitcoin Payments in Germany

Posted at 21:49h in Bitcoin News by

[ad_1]

Bitcoin (BTC) and Bitcoin Cash (BCH) payment processor BitPay confirmed that it suspended its operations in Germany in an email sent to Cointelegraph on Aug. 1.

BitPay: “We have paused operations in Germany”

In the aforementioned email, a BitPay PR rep. Jan Jahosky cited regulation coming into force next year in Germany as the reason why the company decided to suspend its services in the country. 

The firm added that it is currently evaluating adding support for Germany again in the future. BitPay spokesperson told Cointelegraph: 

“Germany has publicly stated that they want crypto companies to apply for a license starting in 2020. We have paused operations in Germany while we evaluate the need for German licenses.”

German business stops accepting Bitcoin

Meanwhile, local information technology news outlet Computer Base announced earlier today that it won’t be able to offer Bitcoin as a payment method as a consequence of BitPay suspending services in the country. 

Still, the…

[ad_2]

Source link

Tags:
, , , , ,