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

Bitmex is purchasing the assets of an German bank to establish a authorized cryptocurrency-powered energy source. The company will provide crypto-related services for Germany, Austria, and Switzerland through a central point.

Bitcoin, the crypto exchange Bitmex announced it had signed an agreement to purchase Bankhaus von der Heydt, an institution which is an German bank with its headquarter in Munich in 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:

One step is made toward establishing a regulated crypto-powered powerhouse within Europe’s middle. Europe by the purchase agreement signed between BXM Operations of German bank Bankhaus von der Heydt.

“Bitmex Group” is working towards the ambitious goal of opening an online store that sells everything crypto-related that is regulated throughout Germany, Austria, and Switzerland and, as a result becoming an important player across Europe,” the announcement includes.

The exchange recently launched the brokering service for cryptocurrency in Switzerland. “The deal to purchase Bankhaus von der Heydt is the next step in the group’s European expansion and the development of new products,” the company stated.

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

The transaction is subject to approval of BaFin the German financial service regulator. The transaction is expected to be completed by mid-2022. “Once it’s completed, the bank will function as a separate company,” it states in the announcement.

The Bitmex’s CFO expressed his opinions and said: “Germany, as the largest economy in Europe, is subject to law, making it the perfect location to expand the operations of Bitmex into Europe. “

The HTML0 token was introduced at the beginning of March. Bitmex has officially announced the date of launch for their BMEX token which is a joint venture with Tokeny. However, the token “BMEX cannot be available for trading or withdrawal until the moment Bitmex’s Spot is launched in Q2 of this year” The exchange has been noted as announced, stated or publicly made public.

In the month of October, the year of the CEO of the company, Bitmex said that by the closing of the year “we’ll discover at the very least five countries that will recognize bitcoin as a legal tender, known as bitcoin. A majority of them will be emerging countries. “