If you have questions about specific sections, I can translate them manually.
Basically the BAFIN (German bank regulation) has stated, that service providers, that hold customer funds fall under the definition of a financial services business and therefore require a license to do so.
They also stated that Bitcoin (they stated Crypto Currecys) is indeed a monetary value and therefore falls under the definition of a electronic instrument of payment. That also implies, that BTC service providers fall under the definition of a financial services business.