### Crypto.com, one of the world’s leading cryptocurrency exchanges, is reportedly pulling out of Germany due to regulatory issues with BaFin, the German Federal Financial Supervisory Authority. The issues stem from the company’s claims that its services could be used in Germany and its referral to a German provider as a license partner in its terms and conditions.

The investigation began when BaFin noticed the partnership between Crypto.com and German investment solutions provider CM-Equity on its website. It was then discovered that the platform did not have the necessary permit to advertise in Germany, which led to further scrutiny from the regulatory body. The partnership was expected to commence last February 2022, but all references to CM-Equity have since disappeared from the Crypto.com website.



Although the Crypto.com app can still be downloaded in Germany, it is no longer available in the German language. This move is seen as an indication of Crypto.com’s intention to distance itself from the German market.



The withdrawal of Crypto.com’s services from Germany is a cautionary tale for other cryptocurrency exchanges. It is important for these companies to understand the regulatory environment of the countries they operate in and comply with the relevant regulations to avoid such issues in the future.

Crypto.com, one of the world’s leading cryptocurrency exchanges, is reportedly pulling out of Germany due to regulatory issues with BaFin, the German Federal Financial Supervisory Authority. The issues stem from the company’s claims that its services could be used in Germany and its referral to a German provider as a license partner in its terms and conditions.

Wed Apr 19 2023

Crypto.com Bows Out Of Germany Amid Regulatory Investigation

Ferrari to Accept Crypto Payments in the US; Plans to Include Europe Underway

Prototype Global Cryptoasset Mapping System Developed

FTX Founder Sam Bankman-Fried Sent to Jail for Alleged Witness Tampering

Huobi Rocked by Reports of Executive Arrests and Accusations of Customer Fund Misuse

Breaking The Chains: Introducing BRC-69, The Bitcoin Standard Without Data Restrictions

Prototype Global Cryptoasset Mapping System Developed

Wed Apr 19 2023 Crypto.com Bows Out Of Germany Amid Regulatory Investigation

Ferrari to Accept Crypto Payments in the US; Plans to Include Europe Underway

Prototype Global Cryptoasset Mapping System Developed

FTX Founder Sam Bankman-Fried Sent to Jail for Alleged Witness Tampering

Huobi Rocked by Reports of Executive Arrests and Accusations of Customer Fund Misuse

Breaking The Chains: Introducing BRC-69, The Bitcoin Standard Without Data Restrictions

Prototype Global Cryptoasset Mapping System Developed

Wed Apr 19 2023

Crypto.com Bows Out Of Germany Amid Regulatory Investigation