Bitcoin.de Seeks New Model After BaFin Rejects MiCA Bid

Bitcoin.de Seeks New Model After BaFin Rejects MiCA Bid

Trading on the platform has largely been suspended since June as its operator awaited MiCA authorization, with the company now looking to regulated partners to restart services.

Bitcoin.de Seeks New Model After BaFin Rejects MiCA Bid - Invest In Crypto News

Bitcoin Group SE says it is seeking an alternative operating model for its bitcoin.de platform after the German Federal Financial Supervisory Authority (BaFin) refused its subsidiary futurum bank AG’s application for authorization as a crypto-asset service provider under Markets in Crypto-Assets Regulation (MiCA). In an Oct. 6 announcement, the company said the BaFin decision was […]

Bitcoin.de Trading Still Frozen as Germany Rejects MiCA Request

Bitcoin Group SE says it is working on an alternative operating setup for its bitcoin.de platform after Germany’s financial regulator, BaFin, rejected an authorization application filed by its banking subsidiary, futurum bank AG, to operate as a crypto-asset service provider under the EU’s Markets in Crypto-Assets Regulation (MiCA). In an Oct. 6 announcement, the company [...]

BaFin Rejects Bitcoin Group SE MiCA Application

BaFin, the German federal regulator responsible for overseeing banking, insurance, and securities markets, rejected Bitcoin Group SE's application under MiCA, the European Union's comprehensive crypto-asset regulatory framework that came into full effect for crypto-asset service providers in December 2024.Read more...

BaFin Rejects MiCAR License Application From Bitcoin Group Unit

futurum bank AG can challenge the decision within one month and may submit a new application later. Bitcoin Group is preparing a regulated-partner model for bitcoin.de.