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GNU Taler team founds German company to seek euro e-money license
GNU Taler said Taler Operations AG is being formed in Bochum to apply to BaFin as an e-money issuer after GLS Bank stepped back from that role.
- GNU Taler is now reporting this
- New headline Was: “Getting ready to operate GNU Taler in Germany”
- Our desk filed its story
- taler.net is now reporting this
The GNU Taler project said it is founding Taler Operations AG in Bochum to operate a Taler payment exchange for the euro and to apply to Germany's financial supervisor, BaFin, for a licence as an electronic money institution1.
The post said GLS Bank had been slated as the e-money issuer under the NGI TALER plan but decided in January 2026 not to take that role, for reasons it described as unrelated to Taler1. GLS remains a consortium member in a supporting role, according to the project1.
Taler Operations AG is described as a German stock corporation in formation and a subsidiary of Taler Systems SA in Luxembourg1. The project said payments with Taler would be promoted first in Germany and could later be used across the EU single market once German operations are legal1.
It said operations can start only after BaFin grants authorization, with no launch date until then1. GNU Taler remains free software; the new company would run a licensed service, the post said1.
The project said it is raising capital for the licence, including a legal minimum of own funds for e-money institutions, and is seeking investors able to put in at least 50,000 euros1. Swiss Taler work and NGI TALER development continue, it said1.