Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing Rights
BERLIN, Nov 29 (Reuters) – Germany’s Bitcoin Group (ADE.DE) said on Wednesday it was taking measures to improve its internal control system, after the financial regulator Bafin ordered its subsidiary futurum bank to remedy shortcomings on money-laundering.
“The Bitcoin Group expressly points out that there are currently no indications of violations of money laundering and terrorist financing laws within the Group,” the company said in a statement.
The company said it had already taken measures in the current financial year to meet regulatory requirements and that it was working with Bafin with the aim “to remedy the identified deficiencies in a timely manner”.
Writing by Rachel More
Editing by Madeline Chambers
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