RATE Group | Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors
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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

20 Feb Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

Posted at 08:20h in Bitcoin News by

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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto custody services to institutional investors.

Also read: 40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law

New Regulation Attractive to Institutional Investors

Boerse Stuttgart announced on Tuesday that its crypto custody arm is preparing to offer custody services to institutional clients, such as fintech firms, banks, and asset managers. Blocknox, a subsidiary of Boerse Stuttgart Digital Ventures, takes care of the custody of cryptocurrencies on an escrow basis.

“With regard to the new legal regulation of crypto custody in Germany as of 1 January…

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