crypto crisis in Germany: Bafin stops Usde-token from Ethena due to serious admission defects

Veröffentlicht:

Von:

Krypto-Schock in Deutschland: BaFin stoppt USDe-Token von Ethena Die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) hat das öffentliche Angebot des USDe-Tokens von Ethena aufgrund massiver Unzulänglichkeiten im Zulassungsverfahren gestoppt. Dies stellt einen bedeutenden Schritt in der Regulierung des Kryptowährungsmarktes in Deutschland dar. Die BaFin hat fundamentale Mängel im Lizenzierungsprozess festgestellt und somit das öffentliche Angebot von USDe in Deutschland untersagt. Zudem wurden Maßnahmen ergriffen, um die Vermögensrücklagen des Unternehmens einzufrieren, was die betroffenen Anleger in eine unsichere Lage versetzt. Ethena-Verbot in Deutschland Besonders brisant ist die Tatsache, dass die Ethena GmbH, eine Tochtergesellschaft des Unternehmens, von den Übergangsregelungen der EU-Verordnung über Märkte …
Crypto shock in Germany: BaFin stops Usde-token from Ethena The Federal Financial Service Supervisory Authority (BAFIN) has stopped the public offer of the Usde token from Ethena due to massive shortcomings in the approval process. This represents a significant step in the regulation of the cryptocurrency market in Germany. Bafin has determined fundamental defects in the licensing process and thus prohibits the public offer of Usde in Germany. In addition, measures were taken to freeze the company's asset reserves, which puts the affected investors in an uncertain situation. Ethena ban in Germany is particularly explosive in the fact that Ethena GmbH, a subsidiary of the company, from the transitional regulations of the EU regulation on markets ... (Symbolbild/KNAT)

crypto shock in Germany: Bafin stops Usde token from Ethena

The Federal Financial Supervisory Authority (BAFIN) has stopped the public offer of Ethena's Usde token due to massive shortcomings in the approval process. This represents a significant step in the regulation of the cryptocurrency market in Germany.

Bafin has found fundamental defects in the licensing process and thus prohibited the public offer of Usde in Germany. In addition, measures were taken to freeze the company's asset reserves, which puts the affected investors in an uncertain situation.

ethena ban in Germany

The fact that Ethena GmbH, a subsidiary of the company, has benefited from the transitional regulations of the EU Ordinance on Markets for Crypto-Assets (Mica) has benefited. These regulations enable providers to go onto the market during their admission procedure. According to Bafin, however, Ethena has violated existing regulations during this period, whereby the specific violations have so far been unclear.

In an official statement, Ethena expresses his regret about the decision of BaFin, but emphasizes that this has no effect on existing Usde nodes. Trading over the Ethena BVI Limited should be continued unchanged. The company also rejects the assumption that the frozen assets represent an actual threat. "All assets are still available for withdrawal," said the company.

Bafin sets clear signs

With the ban on the Usde token, Germany sends a clear signal to crypto providers who try to take advantage of regulatory gaps. This could consider investors who are invested in Usde. Even if Ethena assures that returns are still possible, Bafin's decision does not remain without questions: Is the StableCoin actually in danger?

The crypto market remains a hotly competitive field, and the Bafin has again proven that it is consistently passing through in the event of violations. Investors should observe the developments closely and be clear about possible consequences.