Bitcoin and Bitcoin Cash payment processor BitPay confirmed that it suspended its operations in Germany.
Bitcoin (BTC) and Bitcoin Cash (BCH) payment processor BitPay confirmed that it suspended its operations in Germany in an email sent to Cointelegraph on Aug. 1.
BitPay: “We have paused operations in Germany”
In the aforementioned email, a BitPay PR rep. Jan Jahosky cited regulation coming into force next year in Germany as the reason why the company decided to suspend its services in the country.
The firm added that it is currently evaluating adding support for Germany again in the future. BitPay spokesperson told Cointelegraph:
“Germany has publicly stated that they want crypto companies to apply for a license starting in 2020. We have paused operations in Germany while we evaluate the need for German licenses.”
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