This week was dominated by cryptocurrencies, with the SEC’s approval of 11 crypto ETFs. Anycoin Direct, a leading Dutch crypto platform, has been granted a crypto custody license by the German Federal Financial Supervisory Authority (BaFin). This approval positions Anycoin Direct as the ninth entity to receive such a license in Germany, joining the ranks of eight other companies and Commerzbank, the first German universal bank to obtain this license.
A Milestone for Anycoin Direct
Anycoin Direct‘s achievement is particularly noteworthy as it marks the first Dutch cryptocurrency platform to secure the BaFin license. This authorization allows Anycoin Direct (website) to offer secure storage and trading services for digital assets such as Bitcoin, bonds, and funds issued via blockchain technology in Germany.
Managing Director Bas Lamers expressed his enthusiasm, noting that this is a major milestone for the company. He remarked on the platform’s previous activity in Germany and the strategic decision to pause accepting German customers to align with BaFin’s regulatory requirements. With the license in hand, Anycoin Direct is set to re-enter the German market.
Strategic Expansion and Compliance Commitment
CFO Bram Ceelen highlighted the strategic importance of obtaining the BaFin license, citing Germany’s status as the world’s third-largest economy and the only EU member with comprehensive cryptocurrency regulations. The license not only signifies regulatory compliance but also represents Anycoin Direct‘s dedication to the highest standards of financial business and trustworthiness.
Enhancing Crypto Services in Germany
Lamers emphasized the company’s commitment to offering secure and reliable crypto services to both business and private customers in Germany. The BaFin approval underscores Anycoin Direct‘s adherence to stringent security standards and its focus on maintaining robust internal and external processes. This development promises a seamless and secure crypto experience for German customers, bolstered by close customer relationships.
About Anycoin Direct
Founded in 2013, Anycoin Direct has gained the trust of over 500,000 users across Europe. Notably, Anycoin Direct became the first European company to sponsor a soccer club, PSV Eindhoven, using Bitcoin. The company’s rapid growth over the past decade has expanded its services and customer base throughout Europe. The BaFin license is a valuable addition to its existing credentials from the Dutch Central Bank (DNB) and the Austrian Financial Market Authority (FMA).
With the BaFin approval, Anycoin Direct is poised to enhance its presence in the German market, further strengthening the European crypto industry’s infrastructure and trustworthiness.
