Crypto tokens: BaFin provides details on administrative practice
On 16 August 2019 the German Federal Financial Supervisory Authority (BaFin) published a new guidance note regarding crypto…
Strong customer authentication for online SEPA direct debits: BaFin’s clarification
You shall never ask me? But questions are useful as sometimes answers are indeed given… In one of…
On the way to the financial cloud. Are cloud services full of “little fluffy clouds”?
On 8 November 2018, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) published a guidance notice…
PayTechTalk 31 – Paymentandbanking and PayTechLaw discuss the “Bitcoin decision”
Last week I gave you an update on the Bitcoin decision. Let’s recap. On 25th November 2018 the…
PayTechTalk 30: BaFin licence for payment institutions – this is how it works
Since the implementation of PSD2, or most likely even before, many companies have been preoccupied with one question:…
Update re intra-group exemption
The German regulator BaFin lately issued a very narrow interpretation of the BaFin intra-group exemption. However, if group…
Cloud computing – outsourcing into a “cloud”
Cloud computing is playing an increasingly important role as digitalisation progresses, including in the financial sector. When using…
E-Loyalty: To be or not to be
E-Loyalty: Multi-partner bonus programs under review from a ZAG perspective Since 13 January 2018 the new payment services…
Regulators mount up – BaFin provides further guidance on ICOs
It was a clear black night, a clear white moon BaFin is on the streets, trying to consume…
Technical Service Provider or Payment Initiation Service? Clues from BaFin’s guidance notice
On 29 November 2017, BaFin issued a new guidance notice on the new Payment Services Supervisory Act (“ZAG”)…