Current outcome
BaFin rejected Futurum Bank AG's MiCA application, leaving Bitcoin.de trading largely suspended since June 12 and euro deposits halted, while crypto withdrawals remain open. The platform plans to outsource trading and custody to two unidentified regulated German partners, with Futurum Bank continuing to hold assets until transfer; no restart date is set, and the company may object within one month or reapply.
Progress timeline
2 material updates- #01
Bitcoin.de trading remains halted as German regulator rejects MiCA application
German regulator BaFin rejected Bitcoin Group SE subsidiary futurum bank AG's MiCA crypto-asset service provider authorization, leaving bitcoin.de trading largely suspended since June while the company pursues an alternative model through regulated partners.
Source evidence: Cointelegraph
- #02
MiCA rejection forces German crypto platform into operational overhaul
After BaFin's rejection, Bitcoin.de plans to rebuild trading and custody through two regulated German institutions: one as trading counterparty and one for crypto custody, while retaining its app, brand and customer interface. Withdrawals remain open, but trading and euro deposits are suspended; the partners are unidentified, no restart date is set, and the company may object within one month or reapply for authorization.
State after update: BaFin rejected Futurum Bank AG's MiCA application, leaving Bitcoin.de trading largely suspended since June 12 and euro deposits halted, while crypto withdrawals remain open. The platform plans to outsource trading and custody to two unidentified regulated German partners, with Futurum Bank continuing to hold assets until transfer; no restart date is set, and the company may object within one month or reapply.
Source evidence: CryptoSlate