German Bitcoin exchange buys investment bank

We often hear about how Bitcoin is trying to disrupt the financial industry. Well, it turns out one German cryptocurrency startup has cut out the middleman and just bought a bank. Earlier this week, German cryptocurrency exchange Bitcoin Group SE announced it has successfully bought a 100-percent stake in an investment bank, Tremmel Wertpapierhandelsbank GmbH. With this purchase, the group will absorb Tremmel’s Federal Financial Supervisory Authority (BaFin) license, opening additional...

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