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German Banks Authorized to Store and Sell Cryptocurrency in 2020


Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party...

New German Law Might Allow Banks to Store, Trade Crypto


Germany’s federal parliament Bundestag has reportedly passed a bill that is to allow the country's banks to store and sell cryptocurrencies next year. However, the legislation is awaiting the approval of the Bundesrat, the parliament’s chamber that represents Germany’s 16 federal states. The latest...

Another Bank Run Highlights China’s Brewing Financial Crisis


A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...

Survey: 58% of German Banks Charge Negative Interest Rates


Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for deposits...

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