In addition, the bank also revealed that it is now trying to take hold of a securities trading and custody license in Germany, mentioning that the institution believes that ‘working out of a premium regulatory environment is one of’ its key assets.
In April 2019, browser-based blockchain payments system Nimiq has acquired a 9.9% stake in WEG Bank. The stake acquisition followed a partnership meant to allow for a crypto-to-fiat bridge that would enable the exchange of value between crypto and traditional banking systems.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.