- Bitcoin.de's operator, Futurum Bank, has been denied a MiCA license by BaFin, leading the platform to seek partnerships with two regulated German institutions for trading and custody services.
- This strategy aims to circumvent the direct licensing requirement by leveraging existing regulated entities for core functions, testing the boundaries of European crypto regulations.
- While technical preparations are complete, regulatory hurdles and the identification of partner institutions remain, with client assets already moved to a new custody infrastructure.
Topics: Legal regulatory, Jurisdictions, Infrastructure providers, Securities law classification, Regulatory sandboxes pilots, Tokenization platforms
Tags: #mica #bitcoinde #futurumbank #bafin #regulatedinstitutions #cryptotrading #assetcustody #licensing #europeanregulation #digitalassets
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