Copy link
Increase text size
Decrease text size
Link copied

Germany’s BaFin launches market survey on crypto derivatives

Mon, 11 Nov 2019, 07:01 am UTC

The German Federal Financial Supervisory Authority (BaFin) has launched a market survey on cryptocurrency derivatives last week.

In its official announcement, the regulator said (via online translation):

“The objective of the market survey is to obtain a detailed picture of the market for derivatives with crypto assets as an underlying and their potential risks. The market survey is aimed at all market participants, in particular investors, consumer protection associations, providers and issuers as well as interest groups.”

Bafin said that the survey has been launched due to the steady increase in the number and total volume of crypto assets, particularly cryptocurrencies, in recent years. With this growing interest in cryptocurrencies, there has also been an increase in crypto derivatives (Certificates and Contracts for Difference – CFDs), it noted.

The regulator has put up a total of 19 questions in the survey, categorized into five blocks. The questions cover a range of areas including the purpose of investing in crypto derivatives, risks involved, possible investor protection and regulatory needs, among others.

Answers and comments on the market survey can be submitted to BaFin by e-mail or by post by Friday, 13 December 2019.

Previous reports suggested that new Anti-Money Laundering (AML) regulations will go into force in Germany next year, requiring all cryptocurrency-related businesses, including exchanges and wallet providers, to be licensed by BaFin.

More recently, the country has passed a comprehensive blockchain strategy that aims to block stablecoins from becoming alternative currencies and threatening state sovereignty.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $36,642.50 (+1.08%)
  • Ethereum (ETH) $1,257.41 (+0.94%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.371500 (-3.70%)
  • Litecoin (LTC) $152.14 (+5.75%)
  • Bitcoin (BTC) $36,642.50 (+1.08%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.