Policy · Updated 7 Oct, 05:15 pm IST
BaFin rejects Bitcoin Group’s MiCA application for Futurum Bank
Why it matters for readers: If you follow crypto news, it explains why Bitcoin Group won’t immediately run the revamped Bitcoin.de exchange itself.
- BaFin rejected the MiCA licence application for Futurum Bank following a 15-month review.1
- Bitcoin Group planned for Futurum Bank to operate Bitcoin.de’s revamped crypto exchange itself before the rejection.1
- After the decision, Bitcoin Group is exploring partnerships with licensed German firms for trading and custody services.1
- Bitcoin Group has the option to object to BaFin’s decision within one month of receiving the formal notification.1
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