BaFin updates warning on risks in crypto assets

08/23 09:43

In the warning, BaFin now points out that crypto assets do not fall under the protection of deposit insurance and, as a rule, the protection of investor compensation does not apply either. The position of the customer is governed by insolvency law and therefore depends on whether there is a right of segregation after the design and implementation of the contractual relationship between the custodian and the customer.
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