Von Annabelle Rau | Apr 30, 2024 | Banking Supervision, Crypto Regulation, Financial Services, Money laundering, Payment Services
On April 24, 2024, the European Parliament adopted a new anti-money laundering legislative package to strengthen the EU’s tools to combat money laundering and terrorist financing. The package includes • the sixth Anti-Money Laundering Directive (“AMLD6”) as well...
Von Annabelle Rau | Apr 24, 2024 | Crypto Regulation, Financial Services
On April 5, 2024, the German Federal Ministry of Finance (BMF) published a draft bill for two regulations intended to facilitate the transition of national crypto regulation into the EU MiCAR regime. These proposed regulations specify the simplified authorization...
Von Renate Prinz and Frederic Peine | Apr 18, 2024 | Banking Law
The Federal Financial Supervisory Authority (BaFin) will, for now, not take action against payments by third parties to investment firms (Wertpapierfirmen) for forwarding client orders (known as payment for order flow, or PFOF). In an announcement dated 22 March 2024...
Von Frederic Peine | Apr 18, 2024 | Crypto Regulation
After the approval of cryptocurrency exchange-traded funds (ETFs) in the United States, another fundamental event for the crypto industry is on the horizon: the expected bitcoin halving in mid-April 2024. The approval of so-called bitcoin spot ETFs by the US...
