Germany’s financial regulator BaFin has rejected the Markets in Crypto-Assets (MiCA) license application filed for Bitcoin.de, the cryptocurrency trading platform owned by Bitcoin Group SE. The platform’s trading services have been largely suspended since June while its operator waited for MiCA authorization. The company is now seeking to work with a regulated partner in an effort to restart the service. Separately, a MiCA license application submitted by futurum bank, another banking entity under Bitcoin Group SE, had also previously been rejected by BaFin. The development was cited by Techub, with Cointelegraph referenced in the report.
Germany’s financial regulator BaFin has rejected the Markets in Crypto-Assets (MiCA) license application for Bitcoin.de, the cryptocurrency trading platform owned by Bitcoin Group SE.
Trading services on the platform have been largely suspended since June, as the operator had been waiting for MiCA authorization. The company is now looking to cooperate with a regulated partner to restart the service.
Cointelegraph was cited in the report as saying that futurum bank, another banking entity under Bitcoin Group SE, had also previously seen its MiCA license application rejected by BaFin.
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