News with the tag "BaFin"

Germany’s financial watchdog, BaFin, has ordered Ethena GmbH to stop selling its USDe token to the public. The regulator claimed the digital asset may violate European Union (EU) laws and could be classified as unregistered securities. The agency has stopped Ethena GmbH’s financial operations as it ...

In a stunning move that has sent ripples through the cryptocurrency world, Germany’s Federal Financial Supervisory Authority, better known as BaFin, has dropped a regulatory bombshell. Imagine waking up to news that a financial watchdog in a major European economy has slammed the brakes on a popular...

The German financial supervisory authority BaFin said it identified "serious deficiencies" in Ethena's synthetic USDe stablecoin. Ethena is the yield-generating protocol. The stablecoin has a market cap of $5.4 billion. Ethena said on X that it will "continue to evaluate alternative frameworks," aft...

Dutch bank ABN AMRO has conducted an onchain trade of tokenized assets against stablecoins alongside Germany-regulated 21X. The two firms completed a joint proof of concept (PoC) for the issuing of a token on the Polygon Amoy Testnet, which was listed as a trading pair with an e-money token, accordi...

European exchange group Boerse Stuttgart has announced a major step into Ethereum staking, offering users a secure, insured way to earn passive income through its Bison trading platform. By partnering with top German firms, Bison enables staking for as little as 0.005 ETH with weekly rewards. The se...

The Bankhaus Scheich subsidiary got its own BaFin license after using the parent company’s for several years.

The Telegram founder’s unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry.

Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, tr...

Crypto ATM in Germany has reduced significantly after the country's financial regulator BaFin crackdown down on the sector The post Crypto ATM Numbers in Germany Drops Post-BaFin Crackdown appeared first on TheCoinrise.com .

The machines were operating without the required BaFin permission and posed money laundering risks, the statement by BaFin said.