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German BaFin official calls for ‘innovative’ EU-wide DeFi regulation -Breaking

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BaFin German official demands a ‘innovative EU-wide DeFi Regulation

Birgit Rodolphe is an executive director of Germany’s Federal Financial Supervisory Authority. (BaFin). She has called on the European Union to adopt innovative and consistent regulation for the Decentralized Finance (DeFi) sector throughout Europe.

BaFin is Germany’s financial regulatory body responsible for regulating banks, insurance firms, and financial institutions including cryptocurrency companies. BaFin is the issuer of “crypto custody licenses,” a permit required for firms wanting to offer cryptocurrency services within Germany.

Birgit Rodolphe Executive Director Processing and Prevention of Money Laundering (BaFin).

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