Tangany Secures BaFin Payment Services License for Regulated Stablecoin Transactions

Tangany, a Munich-based fintech firm, has made headlines with its recent acquisition of a Payment Services Provider license from BaFin. This move enables the company to expand its services in the European market and cater to the growing demand for regulated stablecoin transactions.

The new license allows Tangany to provide transfer services involving stablecoins for financial institutions and fintech companies, marking a significant development in the company's growth strategy. With this addition, Tangany now boasts a comprehensive suite of services covering custody, MiCA-licensed crypto asset services, and payment services for E-Money Tokens.

According to industry experts, receiving this license from BaFin is a notable achievement for Tangany, considering the current regulatory landscape and the numerous requests made by other companies in the sector. The company's CEO, Martin Kreitmair, has expressed his appreciation for this milestone, highlighting its importance in offering payment services involving stablecoins.