Guidance notice – guidelines concerning the statutory definition of crypto custody business (section 1 (1a) sentence 2 no. 6 of the German Banking Act

Law English Banking

Date: 22nd Nov, 2023 Source: Federal Financial Supervisory Authority Country: Germany Original Source

Brief

Clarifies the legal definition and regulatory requirements for crypto custody businesses in Germany.

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Guidance notice – guidelines concerning the statutory definition of crypto custody business (section 1 (1a) sentence 2 no. 6 of the German Banking Act

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Guid­ance no­tice – guide­lines con­cern­ing the statu­to­ry def­i­ni­tion of cryp­to cus­tody busi­ness (sec­tion 1 (1a) sen­tence 2 no. 6 of the Ger­man Bank­ing Act

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Guidance notice – guidelines concerning the statutory definition of crypto custody business (section 1 (1a) sentence 2 no. 6 of the German Banking Act