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BaFin Rejects Bitcoin Group SE’s MiCA Application for Futurum Bank After 15 Month Review

BaFin Rejects Bitcoin Group SE’s MiCA Application for Futurum Bank After 15-Month Review

Futurum Bank plans to work with licensed German firms for crypto trading and custody services.

Written by Rahul Dhingra, Edited by Rohan Pal | Updated: 7 October 2026 17:15 IST

BaFin Rejects Bitcoin Group SE’s MiCA Application for Futurum Bank After 15-Month Review

Photo Credit: Unsplash/Alana Mediavilla

Bitcoin.de plans to announce its new trading and custody partners after agreements are finalised

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Highlights

Futurum Bank submitted its MiCA application in June 2025
The revamped platform is planned to offer more than 100 cryptocurrencies
Bitcoin Group could also submit a fresh MiCA application

According to Bitcoin Group SE, BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht, which translates to the Federal Financial Supervisory Authority) rejected the MiCA (Markets in Crypto-Assets) application of its wholly owned subsidiary, Futurum Bank, following the submission of the application on June 27, 2025. The licensing procedure had taken more than 15 months, but operations with Bitcoin.de have been suspended since June 12, 2026. BaFin has advised Futurum Bank that its earlier tolerance regarding crypto-asset services has come to an end. The firm anticipates the service of the decision and can file an objection within one month of receipt of the decision.

Bitcoin.de Had Completed Technical and Security Tests for Its New Platform

Bitcoin Group chief executive officer Moritz Eckert said this is clearly “a setback for us.” The firm indicated that while it strongly disagreed with BaFin's decision, it was considering all available options, even filing an objection or MiCA application sometime later. Rather than waiting on another license application process to play out, Futurum Bank intends to partner with licensed firms from Germany. One licensed entity will first serve as the counterparty in trading for Bitcoin.de clients, while another licensed German firm will hold their crypto assets.

This would be a change from the business model that Bitcoin Group was planning before BaFin's refusal. Futurum Bank was counting on running the new platform itself after being granted permission under MiCA. Bitcoin Group has not revealed whether its own business model will be based on the same contract model or what other services the parties will offer apart from trading and custody.

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Bitcoin.de had already invested most of 2025 and 2026 in revamping its operations from its previous peer-to-peer marketplace platform to a more traditional cryptocurrency exchange platform. Exactly one week prior to the BaFin decision, Bitcoin Group declared that the new platform, website, and mobile app had been technically completed and had passed all functional and security tests.

The proposed product lineup comprises over 100 cryptocurrencies, a cryptocurrency exchange, savings, and staking products. Bitcoin Group had earlier claimed that transactions would take just seconds to complete using the reference account with a minimum investment of €1 (roughly Rs. 108).

It is possible for Futurum Bank to contest BaFin's decision even after receiving formal notification. This objection period of one month starts after notification and not after the press release by Bitcoin Group on October 6. Another choice could also be a fresh MiCA application. For now, the company is concentrating on the partner program and has noted that information regarding the trading counterparties, custodians, and Bitcoin.de relaunch will be posted on the platform's official website after all agreements are made.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Crypto Law, Crypto Regulations, MiCA Legislation

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More