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Bullish DE Obtains Essential Licenses from German Financial Regulator
Bullish Group, a prominent player in digital asset trading infrastructure, has announced that its German subsidiary, Bullish DE Custody GmbH, has secured crucial licenses from Germany’s Federal Financial Supervisory Authority (BaFin) on December 20.
The approvals cover crypto asset custody, proprietary trading, and principal brokerage, allowing Bullish DE to participate in Germany’s expanding digital asset market. This milestone is expected to facilitate broader European expansion under the Markets in Crypto-Assets Regulation (MiCA), which took effect in December 2024. MiCA provides a unified framework for crypto businesses, streamlining regulatory requirements across the European Union.
“Receiving BaFin’s approval underscores Bullish’s commitment to operating under the highest regulatory standards,” said Tom Farley, Bullish CEO. “Germany’s position as a leading financial hub and its rapidly growing digital asset market present a significant opportunity.”
Expansion and Future Plans
Bullish DE plans to utilize its BaFin licenses to introduce services tailored to institutional and professional investors. This development could pave the way for further advancements in the EU crypto market.
Some potential benefits of these services include:
- Enhanced security and compliance for institutional investors
- Increased access to the digital asset market for professional investors
- Potential for increased adoption of digital assets in the EU
Regulatory Environment in Europe
Other companies have also demonstrated a commitment to expanding within Europe. In February 2024, Switzerland-based Crypto Finance secured BaFin licenses, enabling the company to provide regulated services for digital asset trading, settlement, and custody in Germany.
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