The deal is subject to the approval of German financial regulator BaFin.Crypto firm BitMEX Group announced Tuesday its plan to acquire Bankhaus von der Heydt, a 268-year-old private bank based in Germany.
BitMEX Group said it expects the transaction to complete in the middle of this year. But the BaFin approval may not come easy after recent fintech scandals in Germany, including Wirecard and Greensill Bank. Höptner said BitMEX Group aims to create"a regulated crypto products powerhouse in the heart of Europe" if the deal goes through. The group plans to launch regulated crypto products in Germany, Austria, and Switzerland with the planned acquisition.
dannyba10
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Yogita_Khatri5 Soooo bearish
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