MiCA rejection forces German crypto platform into operational overhaul
BaFin rejected Futurum Bank AG’s application for MiCA authorization, ending its tolerance of the crypto services operated through Bitcoin.de. Trading has been largely suspended since June 12; customers can withdraw crypto, but trading and euro deposits remain unavailable. Bitcoin.de plans to resume through two regulated German partners, one handling trades and the other custody, while the platform retains its brand and customer interface. The partners have not been named, agreements are still being finalized, and no restart date has been given. Bitcoin Group may object to the decision within a month of formal notification, and a new application is also possible. The company says technical work for a relaunch is complete, with regulatory arrangements and asset transfers still outstanding.
