Deutsche Börse’s Subsidiary Crypto Finance Gets BaFin License

BaFin, Germany’s financial regulator, has issued four licenses to Crypto Finance, a firm operated by leading stock exchange Deutsche Börse. The key licenses will allow Crypto Finance to carry out regulated digital asset trading, settlement, and custody services in Germany. The Swiss Financial Market Supervisory Authority (FINMA), already regulates the company,  a Monday announcement noted. Crypto Finance is targeting institutional investors and aims to strengthen its position within the crypto ecosystem through the licenses. The licenses come at a time when Europe is gearing up to implement Markets in Crypto Assets (MiCA) landmark directive.

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