Tag: German

German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic

German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on […]

German Banks Increasingly Charging Retail Clients Negative Interest Rates

German Banks Increasingly Charging Retail Clients Negative Interest Rates A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the […]

German Fintechs Rush to Offer Crypto Custody Services Under New Law

German Fintechs Rush to Offer Crypto Custody Services Under New Law Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established […]

German Banks Authorized to Store and Sell Cryptocurrency in 2020

German Banks Authorized to Store and Sell Cryptocurrency in 2020 Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians […]

Survey: 58% of German Banks Charge Negative Interest Rates

Survey: 58% of German Banks Charge Negative Interest Rates Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for […]

Major German Stock Exchange Group Launches Crypto Trading

Major German Stock Exchange Group Launches Crypto Trading Boerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker. Also read: Indian Parliament Member […]