The regulation of crypto products to Germany, Austria and Switzerland From Bitmex Exchange By Mid 2022

Bitmex is purchasing the assets of the assets of a German bank to establish a controlled, cryptocurrency-powered energy source. The company will provide products that are related to crypto that are available to Germany, Austria, and Switzerland through a central point.

Bitcoin, the crypto exchange Bitmex announced that it has signed an acquisition contract with Bankhaus von der Heydt, an institution which is an German bank with its headquarter in Munich, Munich. It was purchased and managed by BXM Operations AG, a company that was founded in the year 2000 in 2000 by Bitmex CEO/CFO Alexander Hoptner and CFO Stephan Lutz.

Bitmex tweeted Tuesday:

A step to establish a cryptocurrency-powered powerhouse located in central Europe by the purchase agreement signed between BXM Operations of German bank Bankhaus von der Heydt.

“Bitmex Group works towards its lofty goal of creating an online store that sells everything related to crypto that is regulated across Germany, Austria, and Switzerland and, as a result becoming a major rival within Europe,” the announcement includes.

The exchange has just launched the brokering service for cryptocurrency in Switzerland. “The acquisition of Bankhaus von der Heydt is the next step in the company’s European expansion and further development of new products,” the company added.

both parties have signed an agreement to the purchase. exchange financial information about or related to the transaction.

The transaction is subject to approval of BaFin The German financial regulatory body for services. The deal is expected to in mid-2022 for completion. “Once it’s completed, the bank will operate as a separate company,” it states in the announcement.

The Bitmex’s CFO expressed his opinions and stated: “Germany, as the largest economy in Europe, has a lot to do with law, making it the perfect place to expand Bitmex’s operations to Europe. “

The HTML0 token was announced at the beginning of March. Bitmex has officially announced the launch date of their BMEX token that is a partnership with Tokeny. However, the token “BMEX cannot be available for trading or withdrawal until the moment Bitmex’s Spot will launch in Q2” The exchange has been noted and announced.

In October , the year of the CEO of the company, Bitmex said that by the close of the calendar year “we’ll discover at the very least five countries that accept bitcoin as a legal tender, known as bitcoin. A majority of these will be developing countries. “