BaFin
BaFin Freezes Ethena GmbH's Asset Reserves over USDe Token Deficiencies Beneath MiCA
Germany’s monetary regulator, BaFin, has recognized vital deficiencies in Ethena GmbH’s approval course of for its USDe token. Consequently, BaFin has carried out quick supervisory measures, together with a ban on publicly providing the token and an order to freeze the corporate’s asset reserves held by depositary businesses. BaFin suspects that Ethena GmbH has been […]