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BaFin warns Rtcoin is not recognized as a crypto exchange in Germany


BaFin, Germany’s financial regulator, stated that Rtcoin, a cryptocurrency trading site, is not allowed to operate in Germany. BaFin stated that Rtcoin had not been registered with KWG in order to provide financial services to the nation. The German “Kreditwesengesetz” or “Bank Act” governs how financial institutions offer banking and financial services.



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