News list for "bafin"
On May 19, according to Cryptonews, German financial regulator BaFin has granted Trade Republic, one of Europe's largest fintech companies, a full Crypto Asset Market Regulation Act (MiCA) license. The license allows the German company to provide crypto asset custody services to its 4 million users covering 17 markets and to operate in all 30 European Economic Area countries. According to the data, there are currently 25 crypto asset service providers (CASPs) in the European Union.
According to Cryptonews, German financial regulator BaFin has granted Trade Republic, one of Europe's largest fintech companies, a full Crypto Asset Market Regulation Act (MiCA) license. The license allows the German company to provide crypto asset custody services to its 4 million users covering 17 markets and to operate in all 30 European Economic Area countries. According to the data, there are currently 25 crypto asset service providers (CASPs) within the European Union that have obtained Mi...
Germany's Federal Financial Supervisory Authority (BaFin) has ordered Ethena GmbH to cease its business in connection with the USDe token offering. BaFin found serious deficiencies in Ethena GmbH's operations during the authorization process and imposed sanctions on it, resulting in the revocation of its USDe token offering. The company entered the German market under the transitional provisions of the European Crypto Asset Market Supervisory Authority (MiCAR), but withdrew its authorization app...
德国联邦金融监管局 (BaFin) 已责令 Ethena GmbH 停止其与 USDe 代币发行相关的业务。BaFin 在授权程序中发现 Ethena GmbH 的运营存在严重缺陷，并对其实施了制裁，导致其 USDe 代币发行被撤销。该公司根据《欧洲加密资产市场监管局》(MiCAR) 的过渡条款进入德国市场，但于 2025 年 4 月 3 日撤回了授权申请。因此，Ethena GmbH 无法继续在欧盟开展业务，并且必须在 ...
According to Ethena's official statement, Germany's BaFin has informed its Frankfurt-based entity Ethena GmbH that the MiCAR compliance application will not be approved, but the decision does not affect the current listing of USDe on the exchange and the casting and redemption services through British Virgin Islands entity Ethena (BVI) Limited. Ethena stressed that USDe is still fully asset-backed and has not been "frozen". Other regulatory paths will be evaluated in the future, and the relevant...
据Ethena官方声明，德国BaFin已通知其位于法兰克福的实体Ethena GmbH的MiCAR合规申请将不被批准，但该决定不影响USDe当前交易所上市及通过英属维京群岛实体Ethena (BVI) Limited的铸造与赎回服务。 Ethena强调，USDe仍为全额资产支持，不存在被“冻结”情况。未来将评估其他监管路径，并将在未来一周内修订相关服务条款以反映当前变化。该事件不影响大多数用户的正常使用流程。
According to BaFin's official website announcement, the German financial regulator BaFin has suspended Ethena GmbH's new business of issuing USDe stablecoins in Germany, citing significant organizational deficiencies and compliance violations in the MiCAR licensing process, including improper management of asset reserves and failure to meet capital base requirements. BaFin has taken the following measures: freezing Ethena GmbH's asset reserves, restricting management's right to dispose of assets...
据BaFin官网公告，德国金融监管局BaFin已叫停Ethena GmbH在德国发行USDe稳定币的新业务，理由是其在MiCAR许可流程中存在重大组织缺陷和合规违规行为，包括资产储备管理不当与资本金要求未达标。 BaFin已采取如下措施：冻结Ethena GmbH的资产储备、限制管理层对资产的处置权、关闭其官网相关功能、并指派专员监督执行。此外，BaFin还怀疑Ethena G...
Germany's DekaBank has been granted a crypto custody license for banks by the country's regulator BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to receive a license last year, while other major banks have not yet been granted a license, including DZ Bank. BaFin has issued an additional 11 cryptocurrency custody licenses, primarily for cryptocurrency companies. One of them is the digital asset custody sub-unit of Hauck Aufhäuser Lampe Privatbank.
The German Federal Financial Supervisory Authority (BaFin), in conjunction with the Federal Criminal Police Office and the Bundesbank, seized 13 cryptocurrency ATMs in 35 locations on August 20 for failing to register in accordance with Article 32 of the Banking Act and for allegedly illegally converting euros into cryptocurrencies. BaFin said these illegally installed ATMs could become hotbeds for criminal activity by failing to perform "know your customer" (KYC) procedures. The number of crypt...
