Regulation· ★★★· bearish·

BaFin denies MiCAR license to Bitcoin Group SE's futurum bank, leaving bitcoin.de in limbo

  • —MiCAR application filed June 27, 2025; rejection issued October 6, 2026
  • —Trading on bitcoin.de largely suspended since June 12, 2026
  • —Bitcoin Group SE H1 2026 revenue was €1.59 million, EBITDA negative €3.25 million
  • —Bitcoin Group SE shares fell 3–5% on the announcement day
Why it matters: The rejection shows a banking license does not substitute for MiCAR authorization, setting a precedent for German crypto platforms.
Source: Crypto Briefing
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