The news that Bitpanda has secured a cryptocurrency custody license from the German financial organization known as BaFin was published in a post on the company’s official blog, where the announcement was made.
Following the acquisition of this license, the cryptocurrency exchange that maintains its headquarters in Austria is now legally authorized to market its services to individuals who are located in Germany.
In addition to this, Bitpanda said that they were the first retail bitcoin exchange to be founded in Europe to achieve this particular distinction.
As a direct consequence of the collapse of the FTX cryptocurrency exchange, people are paying more attention to cryptocurrency exchanges that do not have any rules and operate outside of a country’s jurisdiction.
Because of this, a significant number of exchangers are working toward obtaining licenses in various nations so that they can provide evidence that they are a…
