N26 Bank expands crypto trading scope

The Berlin-headquartered neobank will roll out expanded trading before the end of the month.

German online bank N26 has announced an expansion of its list of cryptocurrency-trading countries.

Founded as a fintech start-up in 2013, N26 is a mobile bank with a full German license.

Primarily offering crypto trading for customers in Austria, the Berlin-based bank said it would now provide services for those in Germany, Switzerland, Belgium, Portugal and Ireland.

Previous concerns voiced by regulators regarding anti-money laundering controls and compliance issues were bought to light by several German media outlets. It was reportedly possible to open an N26 account with fake identity documentation.

Such allegations bought N26 to the attention of the German financial regulatory authority, BaFin, who then demanded the bank take action to prevent money laundering and terrorism financing.

N26 said it has since made improvements and is looking to roll out its expanded trading gradually over the next few weeks.

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Written by Isabella Aslam


Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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