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Crypto News

German Prosecutors, Police Close Down Platform Suspected of Laundering Stolen Crypto

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol...
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Crypto News

Ethena Agrees With Regulator to Withdraw From German Market

Decentralized finance (DeFi) protocol Ethena has agreed to wind down its operations in Germany.The decision comes three weeks after BaFin, Germany's finance regulator, identified...
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Crypto News

German Regulator BaFin Bans Sales of Ethena’s USDe

Key Takeaways As part of the measures, BaFin has frozen the company’s asset reserves, restricted executive access, and barred new client onboarding.  However, the regulator has...
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Crypto News

German Regulator BaFin Identifies ‘Deficiencies’ in Ethena’s USDe Stablecoin

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...
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Crypto News

Crypto Exchange Bitpanda Secures EU MiCA License From German Regulator BaFin

Crypto exchange Bitpanda said it secured a markets in crypto assets license (MiCA) from the German Federal Financial Supervisory Authority (BaFin).The crypto asset service...
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Crypto News

German Fintech 21X Secures BaFin Approval for Blockchain Platform

German fintech firm 21X has obtained regulatory approval from BaFin, the country’s financial supervisory authority, to establish a blockchain-driven tokenization platform. The license permits...
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Crypto News

German 21X Gets EU Approval to Launch Blockchain-Based Trading Firm

Key Takeaways The license allows 21X to launch its exchange for tokenized financial instruments from its Frankfurt headquarters in early 2025.  21X is collaborating with partners...
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Crypto News

German Chancellor Olaf Scholz Calls for a Snap Election Following Coalition Breakdown

The decision came after Scholz, who is from the Social Democratic Party, dismissed Finance Minister Christian Lindner, the chairman of the Free Democratic Party...
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