German banks have seen limited interest in handling crypto, the President of Germany’s financial regulator Bafin, said in an interview published Thursday, adding that financial innovation attracted “freeloaders and crooks.”
German is one of the first countries to require banks to hold a license to deal in crypto, but Mark Branson, who also sits on the board of the supervision arm at the European Central Bank , said it has only issued four licenses for crypto custody and 14 provisional permits. “Overall, banks’ interest in offering crypto-asset trading to their customers still seems, to me, to be limited,” Branson said in an interview posted on the, saying that blockchain technology needs to move from being merely “promising” to being “effective and scaleable.”
“Not all crypto business models are serious,” he added. “Waves of innovation, as we know, also bring with them freeloaders and crooks.” Rather than slowing innovation, regulation should be well balanced and flexible to allow sophisticated projects to emerge and reduce financial stability risks, he said.
jackschickler Yo are totally wrong, Solarisbank AG is a back end for crypto, is a German Bank with off ramp both ways, many banks in Germany use their services as a matter of fact they have 80% of EU business in Crypto, so stop spreading rumors.
jackschickler see them everyday on fintwit
jackschickler Sounds right
jackschickler Look inward my friend.
jackschickler Is European banking sector any better? Serious question?
jackschickler Thats a knee slapper, banks warning of freeloaders and crooks🤣🤣🤣
jackschickler Germany is decliming
jackschickler Hard to make more billions with cumex if we would upgrade/change the financial system. The banking system in Germany is a big scam.
jackschickler Et la Deutsch bank se porte comment ? 😁😁😂😂 il y a des es cro dans tout les banques
jackschickler There are no crooks using cash! Ohhhh wait they still last estimate says that 95+% crimes uses cash
jackschickler One word: Wirecard.
jackschickler Hyenas recognising hyenas
jackschickler funny, those are the exact adjectives I'd use to describe bankers
jackschickler banks can succ my baby dicc
jackschickler And the banks are not? C'mon give me a fucking break!
jackschickler Love to hear his opinion on central banking..
jackschickler Yes and Wirecard shilled by Merkel & more capitalized than Deutsche Bank was perfectly legit right ?
jackschickler Thats because german banks suck legitimately 💀