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BaFin

German Finance Watchdog Issues Warning to Financial Sector Against Big Risks of Cyberattacks

by Maya Ortiz
German Finance Watchdog Issues Warning to Financial Sector Against Big Risks of Cyberattacks

Germany’s financial regulator BaFin warned Tuesday of the “very big” risk of cyberattacks targeting the financial sector, a threat it said had become “more likely” since Russia’s war on Ukraine. …

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Germany’s Bitcoin Group tackles money laundering attempts

by Isaac Wright
Germany’s Bitcoin Group tackles money laundering attempts

Germany’s Bitcoin Group is implementing improvements to its internal control system following BaFin’s directive to its subsidiary futurum bank to address deficiencies in anti-money laundering and counter-terrorist financing measures. Germany’s …

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BitGo receives BaFin license in Germany

by Isaac Wright
BitGo receives BaFin license in Germany

Cryptocurrency custodian BitGo, backed by Goldman Sachs and Galaxy, obtained a custody license from BaFin, the German Federal Financial Supervisory Authority, as stated in a Nov. 1 release from Finance …

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