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Police in German have seized 50,000 bitcoin (BTC) worth over $2.1 billion.  The seizure relates to an investigation against two people who conducted a website piracy operation in 2013. In latest crypto news from Germany , police are reportedly in possession of 50,000 Bitcoin ( BTC ) seized in mid-January as part of an investigation into a website piracy operation. The value of the BTC is currently worth about $2.17 billion and the biggest ever crypto seizures in Germany, police said in a statement published on January 30. CoinDesk reported the story first. Suspect “voluntarily transferred” BTC to police wallets According to the police, the BTC seizure relates to an investigation around copyright infringements via a website established in 2013.  Law enforcement say an operation supported by the Federal Criminal Police Office (BKA), the FBI and a Munich forensic IT expert company, have been looking into the activities of the website th...

License Withdrawal After Regulatory Troubles In Europe The decision was made in response to a withdrawal from markets like Austria, Belgium, and the Netherlands, as well as because its American arm is being sued by regulators for running an unlicensed exchange. advertisement A spokesperson from Binance confirmed the news saying, “The situation, both in the global market and regulation, has changed significantly. Binance still intends to apply for appropriate licensing in Germany , but it is essential that our submission accurately reflects these changes.” After experiencing increased regulatory difficulties in Europe, Binance has continued to withdraw its licensing applications in several European nations.  Key executives from Binance who were in charge of growing the company’s operations in Europe have either departed the company or are set to do so. Earlier this year, Michael Wild, who was in charge of expanding the company’s op...

The financial authority, BaFin, has granted Blocknox, a division of Boerse Stuttgart’s digital business, the final authorization to act as a crypto custodian. The company is allowed to provide institutional clients with an integrated brokerage, trading, and custody services thanks to this license. The second-largest stock market in Germany hopes banks, brokers, asset managers, and family offices will use its services. Since Jan. 1, 2020, under Germany’s legal regulations, specific authorization has been required for the custody of crypto assets. Blocknox received a provisional designation as a supplier of regulated financial services after timely offering its application for this authorization. Matthias Voelkel, CEO of Boerse Stuttgart Group addressed the firm’s latest move and further said, “This is the first time that an established market participant has been licensed to hold crypto currencies in custody without any acquisitions. This completes the unique infrastructure we offer:...