Ethena Labs responded to BaFin’s denial of its MiCA application by emphasizing that no user assets were frozen and stating it would explore alternative regulatory jurisdictions.

  • Claim

Name

Ethena Labs responded to BaFin’s denial of its MiCA application by emphasizing that no user assets were frozen and stating it would explore alternative regulatory jurisdictions.

Types

Claim

Quotes that support claims

Ethena Labs stated that no assets have been frozen, and BaFin's move will not impact USDe listings, token minting, or redemptions facilitated by Ethena BVI Limited.
We were informed today that Ethena GmbH’s application under the MiCAR regulatory framework will not be approved,” the firm continued. “While we are disappointed by this decision, we will continue to evaluate alternative frameworks.

Referenced by

Summary

Crypto news

Data block