Under the terms of the alliance, the bank will provide a liability umbrella to Bitcoin Deutschland. As from the start of the cooperation, which will be activated upon the registration with the German Federal Financial Supervisory Authority, Bitcoin Deutschland will become Fidor Bank’s tied agent to conduct the bitcoin trading for Fidor Bank on bitcoin.de.
Bitcoin.de will thus be the first European bitcoin trading platform with a direct banking cooperation and is following the financial market regulations, e.g. the anti-money laundering legislation.
Since 2011, Bitcoin Deutschland has been operating Germanys marketplace with over 70,000 customers for the trading of Bitcoins by private individuals from the EU, EEA, and Switzerland.
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