Federal Financial Supervisory Authority

BaFin to Lift Growth Restrictions on N26
BaFin to Lift Growth Restrictions on N26
May 28, 2024  |  Bank Regulation

European digital bank N26 reports that Germany’s Federal Financial Supervisory Authority (BaFin) has lifted its growth restrictions on the company, effective June 1. This move...

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Binance Retreats in Germany as Crypto Landscape Shifts ‘Significantly’
Binance Retreats in Germany as Crypto Landscape Shifts ‘Significantly’
July 26, 2023  |  Cryptocurrency

Cryptocurrency giant Binance has suspended its plans to seek a license in Germany. A company spokesperson told PYMNTS Wednesday (July 26) that Binance has “proactively withdrawn” its...

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BaFin Downplayed Wirecard Complaints, Report Says
BaFin Downplayed Wirecard Complaints, Report Says
July 16, 2020  |  Security & Fraud

German market watchdog Federal Financial Supervisory Authority, or BaFin, has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed...

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European Union To Investigate German Regulator Over Wirecard
European Union To Investigate German Regulator Over Wirecard
June 26, 2020  |  Security & Fraud

The Wirecard scandal surrounding the German payment processor missing $2.1 billion has spilled over the border to Belgium. Brussels is seeking an investigation into the...

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Authorities Demand Accounting Details From Germany’s Wirecard 
Authorities Demand Accounting Details From Germany’s Wirecard 
October 17, 2019  |  Security & Fraud

After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about its bookkeeping practices,...

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