Three routes and no dates: the BaFin refuses bitcoin.de the MiCAR licence, futurum bank AG keeps holding customer assets

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The BaFin has refused futurum bank AG the MiCAR authorisation, and with it the previous forbearance for bitcoin.de ends. What the mandatory disclosure says about your balance, which three routes the company names and which records you should secure now.If you hold crypto assets at bitcoin.de, the short answer is this: on the operator's own account your balance is still there, but you cannot trade with it for the time being. The German Federal Financial Supervisory Authority (BaFin) has refused futurum bank AG, the operator of bitcoin.de, authorisation as a provider of crypto-asset services. The parent company Bitcoin Group SE announced this on Tuesday, October 6, in a mandatory disclosure, stating at the same time that customers' assets would continue to be held securely until their transfer to an alternative regulated custodian and that all customer claims would remain unaffected. An ongoing procedure has thereby turned into a decision. At the end of September the position was ...