A German stock corporation, TALER OPERATIONS AG, is being formed in Bochum as the regulated operator that will issue electronic-money tokens for GNU Taler in euros. EU law classifies bearer-value tokens as electronic money, so an issuer must be a bank or hold an EMI licence; after GLS Bank chose not to continue as the issuer, the new company will apply to BaFin for authorisation and take over the role GLS had been preparing for. The operator will be a subsidiary of Taler Systems SA (Luxembourg), focused solely on running a Taler exchange and promoting use in Germany before extending across the single market. Operations can only begin once BaFin grants the licence, and a launch date will follow that approval. GNU Taler the software remains free and open; the company will provide a licensed service built on that software.
To meet regulatory capital and compliance requirements, TALER OPERATIONS AG is raising funds and seeks investors prepared for a regulated infrastructure business and able to commit at least €50,000. Preferred investors share Taler’s values: buyer privacy, transparent merchant income for taxation, no vendor lock-in, and payments as public-interest infrastructure. Development, security reviews, and other NGI TALER activities continue unchanged; supporters can help by promoting Taler to merchants, testing the demo wallet, contributing code, or investing. Contact is available for investor information and for progress reports on the BaFin application.
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