Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cryptocurrencies

WEG Bank receives crypto trading and custody license

Tuesday 27 August 2019 | 10:42 AM CET

Germany-based WEG Bank has announced it obtained a cryptocurrency trading and custody license in Estonia.

In addition, the bank also revealed that it is now trying to take hold of a securities trading and custody license in Germany, mentioning that the institution believes that ‘working out of a premium regulatory environment is one of’ its key assets.

In April 2019, browser-based blockchain payments system Nimiq has acquired a 9.9% stake in WEG Bank. The stake acquisition followed a partnership meant to allow for a crypto-to-fiat bridge that would enable the exchange of value between crypto and traditional banking systems.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement