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German Regulator Has No Info on ‘Cyber Incidents’ on German Crypto Trading Platforms

Published 05/28/2019, 02:33 PM
Updated 05/28/2019, 03:02 PM
German Regulator Has No Info on ‘Cyber Incidents’ on German Crypto Trading Platforms

Germany’s financial regulator has no knowledge of “cyber incidents” or market manipulation occurring on crypto trading platforms in the country, according to a press release on May 28.

Referencing info from the Federal Financial Supervisory Authority (BaFin) — the financial watchdog that oversees banks, financial services institutions and insurance services — the government responded to a question from the Free Democratic Party (FDP), a centrist political party in the country, concerning information on cyber attacks, fraud, money laundering and market manipulation involving crypto assets.

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