Bitcoin ATM: Bitcoin Group SE acquires banking license

the Bitcoin ATM in Germany so far is scarce. However, this can change soon. Because the Bitcoin Group SE has acquired 100 percent of the shares of Tremmel Wertpapierhandelsbank GmbH. Thus, the company receives major powers, to expand its Portfolio significantly.

By Phillip Horch
13. November 2018 share Facebook Twitter LinkedIn xing mail

Bitcoin ATM and Germany have not been able to find. Time which can be set up, then you are out of operation or be removed. To the still unsettled legal limbo of the machines we have reported, in collaboration with a legal expert in detail. However, A Herford-based company could dare to make a new attempt.

Because the Bitcoin Group SE, the operator of the trading platform bitcoin.de has on 12. November, 100 percent of the shares of Tremmel Wertpapierhandelsbank GmbH. According to a press release, could expand the offer by the Takeover considerably. So it is said in the press release:

"So for the Bitcoin Group SE on the basis of the banking license of the provider of securities services, from now on, the ability to emit their own products in conjunction with crypto-currencies, self-trading crypto-currencies and to operate ATM machines for crypto-currencies."

in Addition, it should soon be possible to run an order book and even courses, to ensure, ultimately, a more liquid trading.

managing Director Marco Bodewein is happy about this Acquisition:

"We are very pleased that we were able to win with the help of Tremmel Wertpapierhandelsbank GmbH, and especially to Mr Rainer Bergmann, a well-positioned Partner with deep knowledge of the market. So will we be able to lift the company's development of the Bitcoin Group SE to a new Level.“

for Details on the Acquisition

The acquisition amount was, according to the press release in the lower seven-digit Euro range. The completion of the deal should also be done in the first half of 2019. This was subject to first approval by the relevant regulatory authorities.

In bitcoin.de it is the only regulated exchange for the Cryptocurrency, BTC, BTCH, BTC is Gold and Ethereum in Germany. The company also has 50 percent of the shares of Sineus Financial Services GmbH is a BaFin regulated financial service providers.

Details to any KYC processes when setting Up the machine could not be clarified. A response to the request by BTC-ECHO.