According to a report from Ledger Insights, German tokenization company Cashlink Technologies has been granted a cryptocurrency custody license by the country's regulatory authority BaFin. The company already holds a cryptocurrency securities dealer license. Under German law, when issuing securities on a DLT, a dealer can be used instead of a central securities depository (CSD). With the new license, Cashlink can now manage private keys related to tokenized securities it is involved in issuing and registering.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"16:47:31"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"601709","itemType":2,"title":"AR breaks through $16","description":"market shows AR breaking through $16 and is now at $16.01, with a 24-hour drop of 10.21%. The market is highly volatile, so please take precautions for risk control.","coverImageUrl":"","publishedAt":"2024-12-22T08:38:42.000000Z","creator":null,"category":{"name":"Data","uri":"\/flash-news\/category\/data"},"uri":"\/flash-news\/ar-breaks-through-10638","actionItemType":"FLASH_NEWS","content":"{\"time\":1734856721713,\"blocks\":[{\"id\":\"6767cbebb66bc\",\"type\":\"paragraph\",\"data\":{\"text\":\"market shows AR breaking through $16 and is now at $16.01, with a 24-hour drop of 10.21%. The market is highly volatile, so please take precautions for risk control.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
market shows AR breaking through $16 and is now at $16.01, with a 24-hour drop of 10.21%. The market is highly volatile, so please take precautions for risk control.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"16:38:42"},"newsItems":[],"titleColor":"","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"601705","itemType":2,"title":"German parliament passes Financial Market Digitalization Act","description":"According to a report by Ledger Insights, the German parliament (Bundestag) has passed the \"Financial Market Digitalization Act\" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th. ","coverImageUrl":"","publishedAt":"2024-12-22T08:37:52.000000Z","creator":null,"category":{"name":"Data","uri":"\/flash-news\/category\/data"},"uri":"\/flash-news\/german-parliament-passes-financial-market-digitalization-act-32986","actionItemType":"FLASH_NEWS","content":"{\"time\":1734856671431,\"blocks\":[{\"id\":\"6767cf23352d6\",\"type\":\"paragraph\",\"data\":{\"text\":\"According to a report by Ledger Insights, the German parliament (Bundestag) has passed the \\\"Financial Market Digitalization Act\\\" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th. \"}},{\"id\":\"6767cf23352da\",\"type\":\"paragraph\",\"data\":{\"text\":\"FinmadiG not only concerns cryptocurrencies and MiCAR, but also affects other EU laws such as DORA and the Funds Transfer Regulation. For MiCAR, it introduces the \\\"Cryptocurrency Market Regulation Act\\\" (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR. \"}},{\"id\":\"6767cf23352db\",\"type\":\"paragraph\",\"data\":{\"text\":\"Technically, MiCAR is a regulation and therefore does not require local law. However, legislation is needed to designate BaFin as the regulatory authority, otherwise BaFin cannot issue licenses. This will allow EU companies with cryptocurrency licenses from other countries to operate in Germany, but German companies will not be able to operate in the EU. \"}},{\"id\":\"6767cf23352dc\",\"type\":\"paragraph\",\"data\":{\"text\":\"In addition, MiCAR allows companies with existing licenses to continue operating for up to 18 months, with the transition period being decided by each jurisdiction. Germany's new legislation sets the transition period to one year.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
According to a report by Ledger Insights, the German parliament (Bundestag) has passed the \"Financial Market Digitalization Act\" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th. <\/p>
FinmadiG not only concerns cryptocurrencies and MiCAR, but also affects other EU laws such as DORA and the Funds Transfer Regulation. For MiCAR, it introduces the \"Cryptocurrency Market Regulation Act\" (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR. <\/p>
Technically, MiCAR is a regulation and therefore does not require local law. However, legislation is needed to designate BaFin as the regulatory authority, otherwise BaFin cannot issue licenses. This will allow EU companies with cryptocurrency licenses from other countries to operate in Germany, but German companies will not be able to operate in the EU. <\/p>
In addition, MiCAR allows companies with existing licenses to continue operating for up to 18 months, with the transition period being decided by each jurisdiction. Germany's new legislation sets the transition period to one year.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"16:37:52"},"newsItems":[],"titleColor":"#FD4A29","hot":{"value":1,"title":"BREAKING","backgroundColor":"#FD4A29"}},{"itemId":"601685","itemType":2,"title":"SUI breaks above $4.5","description":"market showed that SUI broke through $4.5 and is now reporting at $4.51, with a 24-hour drop of 5.85%. The market is fluctuating greatly, so please be prepared for risk control.","coverImageUrl":"","publishedAt":"2024-12-22T08:12:23.000000Z","creator":null,"category":{"name":"Data","uri":"\/flash-news\/category\/data"},"uri":"\/flash-news\/sui-breaks-above-86868","actionItemType":"FLASH_NEWS","content":"{\"time\":1734855143242,\"blocks\":[{\"id\":\"6767c89eabfc2\",\"type\":\"paragraph\",\"data\":{\"text\":\"market showed that SUI broke through $4.5 and is now reporting at $4.51, with a 24-hour drop of 5.85%. The market is fluctuating greatly, so please be prepared for risk control.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
market showed that SUI broke through $4.5 and is now reporting at $4.51, with a 24-hour drop of 5.85%. The market is fluctuating greatly, so please be prepared for risk control.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"16:12:23"},"newsItems":[],"titleColor":"","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"601680","itemType":2,"title":"AAVE breaks above $300","description":"the market shows that AAVE has broken through $300 and is now trading at $300.05, with a 24-hour decline of 11.19%. The market is volatile, so please be prepared for risk control.","coverImageUrl":"","publishedAt":"2024-12-22T08:11:06.000000Z","creator":null,"category":{"name":"Data","uri":"\/flash-news\/category\/data"},"uri":"\/flash-news\/aave-breaks-above-31198","actionItemType":"FLASH_NEWS","content":"{\"time\":1734855065561,\"blocks\":[{\"id\":\"6767c89ead0b5\",\"type\":\"paragraph\",\"data\":{\"text\":\"the market shows that AAVE has broken through $300 and is now trading at $300.05, with a 24-hour decline of 11.19%. The market is volatile, so please be prepared for risk control.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
the market shows that AAVE has broken through $300 and is now trading at $300.05, with a 24-hour decline of 11.19%. The market is volatile, so please be prepared for risk control.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"12\/22","weekName":"Sunday","date":"2024-12-22","time":"16:11:06"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}}]}