Bitcoin Group SE said Germany’s Federal Financial Supervisory Authority, BaFin, has rejected a MiCA crypto-asset service provider license application filed by its subsidiary futurum bank AG. The company said it is now reviewing alternative operating models and is seeking a regulated partner to restore trading on Bitcoin.de as quickly as possible. CEO Moritz Eckert said the group had prepared for a rejection and will review the decision, with options including filing an objection or submitting a new application later. Bitcoin.de, operated by futurum bank AG, has more than 1.1 million registered users in Germany. The platform was previously a peer-to-peer marketplace but shifted to a broker model this year, with plans to offer more than 100 cryptocurrencies, crypto swaps and staking services. The new model had been scheduled to launch at the end of June, but the rollout was delayed while awaiting MiCA approval. Trading on the platform has been largely suspended since June 12, according to Cointelegraph.
Bitcoin Group SE said Germany’s Federal Financial Supervisory Authority, or BaFin, has rejected a Markets in Crypto-Assets, or MiCA, crypto-asset service provider license application submitted by its subsidiary futurum bank AG.
The company said it is evaluating alternative operating models and is looking for a regulated partner to resume trading on Bitcoin.de as soon as possible.
Company reviews decision and keeps next steps open
Moritz Eckert, chief executive of Bitcoin Group SE, said the company had prepared for the possibility of a rejection. He said the group will now review the decision and may file an objection or submit a new application in the future.
Bitcoin.de trading has been largely paused since June 12
Bitcoin.de, operated by futurum bank AG, is a German crypto trading platform with more than 1.1 million registered users. The platform previously ran as a peer-to-peer marketplace and switched to a broker model this year. It planned to offer more than 100 cryptocurrencies, crypto-asset exchange services and staking.
The new model had been scheduled to go live at the end of June, but that launch was delayed while the company waited for MiCA approval. Trading on the platform has been largely suspended since June 12.
The report was cited by Cointelegraph and republished in Chinese by Odaily.
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