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February 25, 2022, 03:20:06 PM |
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Hey guys,
We are planing to offer crypto services in Europe and as such would like to apply for a crypto license. We already did inform ourselves and our understanding so far is that there is no EU passporting available -- the fact that you just need one license in order to be able to market/offer your services EU-wide. On the other hand though, we see companies like Kraken or Binance operating with licenses out of the UK or Estonia and are offering their services to clients all over Europe.
On top of that we do remember that Kraken and Binance once got a notice from BaFin, the German regulatory and licensing body, that both companies are not allowed to offer their services on the German market. It appears that this notice is now gone. Our assumption thus is, that a license in another EU country was indeed enough to get rid of that notice.
How is that possible?
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