The “Blockchain bank account” could already count approximately 40,000 registrations before its introduction and is to be exported in the future in further countries. The deposits are secured via the partner banks BaFin and the Bundesbank – up to 100,000 euros are safe on the Bitwala account. However, this deposit insurance applies only to the Fiat money in the account, bitcoin losses are not covered by this.
The account management, however, is regulated by the partner bank Solaris.
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