BaFin, the German financial control body, has given the green light to the agreement between Bitcoin Group and Sineus Financial Service GmbH, a company that provides financial services in the consulting sector.
Bitcoin Group SE is a company based in Herford that is very active in the field of virtual currencies and manages the website Bitcoin.de, where, in addition to dealing with information, hosts the only regulated BTC exchange in the Federal Republic of Germany.
Sineus Financial Service, on the other hand, deals with independent financial consulting, which is offered in a completely innovative way: until now, the consulting activity was carried out within the compensation of large fees and was often affected by conflicts of interest between consultants and financial institutions, now with Sineus the consulting is independent of the financial intermediary chosen and is done directly by one of the 19 financial advisors who are part of it, regularly registered with the BaFin.
In this way, with the payment of a single annual service charge regardless of the financial counterparty or the type of financing recommended, you get an optimization of the return on your investment depending on the desired risk profile.
With this agreement, Bitcoin Group will be able to integrate Sineus’ consulting services into its service package, while the consulting firm will be able to expand the scope of its service by integrating bitcoin and virtual currencies.