Home Coinbase Crypto Trade Coinbase Germany Ordered by Regulator to Sort out "Organizational Deficiencies" – CoinDesk

Crypto Trade Coinbase Germany Ordered by Regulator to Sort out "Organizational Deficiencies" – CoinDesk

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The Federal Monetary Supervisory Authority, referred to as BaFin, stated Coinbase Germany was in violation of requirements set by the German Banking Act. The announcement referenced Part 25a (1) of the Act, which lays out necessities for companies to take care of risk-bearing capability, sufficient staffing, emergency administration mechanisms resembling IT methods and clear remuneration methods for workers – together with administration.

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