German Financial Regulator BaFin Recognizes Crypto As Financial Instrument

Germany’s financial watchdog, the Federal Financial Supervisory Authority (BaFin) has officially recognized cryptocurrencies as financial instruments. This, according to a report by Decrypt, March 3, 2020. Higher Degree of Crypto Clarity in Germany Slowly and steadily, an increasing number of countries across the globe are giving clarity regarding the legal and financial status of cryptocurrencies.

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