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A comment on Germany Sets Standard for Bitcoin Regulation.

Re:Germany Sets Standard for Bitcoin Regulation by JonSkeptic on Monday August 19, 2013 @11:56AM (#6237905)
>Inter alia the following conditions must be met:

-Initial capital of 730.000 Euros

-Management must be professionally qualified

-A detailed business plan must be submitted

-Capital adequacy standards must be met

-AML mechanisms must be implemented

-Reports must be submitted to BaFin regularly

Well...are there any bitcoin exchanges that meet those requirements in Germany?

[ Parent | on HN ]
Re:Germany Sets Standard for Bitcoin Regulation by rb2k_ on Monday August 19, 2013 @12:01PM (#6237931)
bitcoin.de has some sort of cooperation with a German Bank:

https://blog.bitcoin.de/en/bitcoin-de-und-fidor-bank-ag-vere...

    As from the start of the cooperation, which will be
    activated upon the registration with the German Federal
    Financial Supervisory Authority, Bitcoin Deutschland GmbH
    will become Fidor Bank AG’s so-called “tied agent” to
    conduct the bitcoin trading for Fidor Bank AG on
    bitcoin.de.
That might help them with most of these things.
[ Parent | on HN ]