BaFin denies MiCAR license to Bitcoin Group SE’s futurum bank, leaving bitcoin.de in limbo
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BaFin rejected futurum bank AG’s MiCAR application, and bitcoin.de’s trading stayed largely suspended afterward. Bitcoin Group then moved toward a model that would use regulated partners for trading and custody, while futurum bank kept open the option to challenge the decision and file again later.
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What it means
Users and traders on bitcoin.de are the group most likely to notice this first, because the platform has been largely suspended since June and the suspension remained in place after the rejection. That means the venue is still not operating in the same way as before, even as the company works on a replacement setup with regulated partners.
In practice, the change is that bitcoin.de is moving toward a model that splits trading and custody between separate regulated German partners. What does not change yet is that the platform is still not trading normally, so the new structure is a plan rather than an active restart.
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