Quote from: krach on December 08, 2014, 10:26:06 PM

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The issue is Germany interpreted MiFid as covering bitcoin exchanges. Bafin is the regulatory body that is relevant to this, but there is no such thing as a money transmitter. The closest thing to that terminology would be a payment institution which is the relevant law in France + Luxembourg.

That is like saying that the London Stock Exchange is pretty much a remittance company.

But yes, that is the most likely reason, sounds like a lawyer of theirs is a little jumpy because generally speaking its not how EU regs go, but I don't know how much of a difference the fact its P2P bank wise would make.

Yes thanks for that friendly explanation.

I bet the lawyer got a letter from...... bafin which is the regulatory body that is relevant to this.

bitcoin.de is p2p and needed the ok from ....... bafin. LBC is lacking this.

bitcoin.de is in Germany so subject to their laws, of course MiFid is EU laws but its just Germany's interpretation. I may be missing something but I think they are just scared.