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Bitbond Becomes Germany's First Regulated Blockchain Company

Liang CHE

Summary: According to Coingape.com, Bitbond, a German-based blockchain company, announced that BaFin, the German Federal Financial Supervisory Authority, has approved Bitbond's STO request under the German Banking Act. Bitbond is a blockchain-based lending company and today it is the first company in Germany to be regulated by BaFin and comply with transparent rules. According to the ...

According to Coingape.com, Bitbond, a German-based blockchain company, announced that BaFin, the German Federal Financial Supervisory Authority, has approved Bitbond's STO request under the German Banking Act. Bitbond is a blockchain-based lending company and today it is the first company in Germany to be regulated by BaFin and comply with transparent rules. According to the statement, Bitbond's STO issuance is 100 million euros. In addition, private investors can also participate in the STO.

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