Bitpanda obtains German crypto license as crypto platforms want to prove they are legit

All eyes are currently on the collapse of FTX in the crypto industry. That’s why today’s news from Bitpanda is an important signal for the Austrian unicorn company. Bitpanda has received a crypto license from Germany’s financial regulator (BaFin).
Its German subsidiary is now officially allowed to process cryptocurrencies for German customers under its Crypto Custody and Proprietary Trading license. It doesn’t have to rely on passporting rules. While there are a myriad of crypto licenses across Europe, BaFin’s license is quite selective as there are only four companies that are listed as licen

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