BitPay offers merchant payment services for Bitcoin and Bitcoin Cash. Germany now required crypto businesses to operate with a license. The leading cryptocurrency payment company, BitPay has announced the closure of its operations in Germany. BitPay offers merchant payment services for Bitcoin and Bitcoin Cash. The announcement was communicated via an official blog post on August 1. According to a report published on Cointelegraph, the PR representative to BitPay Jan Jahosky said that the reason for the suspension is the new regulations in the country. German Federal Financial Supervisory Authority now requires that all crypto-related businesses acquire a license. “Germany has publicly stated that they want crypto companies to apply for a license starting in 2020.” Jahosky added “We have paused operations in Germany while we evaluate the need for German licenses.” Some businesses that have been accepting Bitcoin like the Computer Base in Germany have stopped the payments in crypto. While this might be seen as a setback for BitPay. The company is concentrating on business in other parts of the world. Read more: Bitcoin market update: BTC/USD bulls defiantly push towards $11,000 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Cryptos eye going back to the moon FX Street 4 years BitPay offers merchant payment services for Bitcoin and Bitcoin Cash. Germany now required crypto businesses to operate with a license. The leading cryptocurrency payment company, BitPay has announced the closure of its operations in Germany. BitPay offers merchant payment services for Bitcoin and Bitcoin Cash. The announcement was communicated via an official blog post on August 1. According to a report published on Cointelegraph, the PR representative to BitPay Jan Jahosky said that the reason for the suspension is the new regulations in the country. German Federal Financial Supervisory Authority now requires that all crypto-related businesses acquire a license. "Germany… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
