Blockchain / Bitcoin business in Germany

Blockchain and cryptocurrencies have a great potential for the subsequent development and transformation of the financial system.

Until 2019, Germany and other countries of the European Economic Area had a lack of legal framework for blockchain projects. Currently, legal acts regulating the cryptocurrency market constantly appear and enter into force (in particular, acts regulating the exchange and storage of virtual values). Service providers in cryptocurrency segment must obtain corresponding authorization from the Federal Financial Supervisory Authority (in German Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin).

VEGO Consult could evaluate if any authorization from BaFin needed under your potential project and carry out corresponding analysis if you are intended to launch business in crypto oriented field.

Behind every successful project is always a team of experts which will assist you to develop a model of doing business in the blockchain environment in Germany, considering risks and current legal norms. VEGO Consult provides their customers with full support to enter the market (including development of internal AML / KYC procedures, terms and conditions and other supporting documentation), obtaining necessary authorization / license under their business activity (if necessary) and assist in opening a corporate account for crypto oriented projects.

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