BaFin Rejects MiCA License for Bitcoin Group Unit, Prompting Restructure

Germany's financial regulator BaFin has rejected the MiCA license application of Bitcoin Group SE subsidiary futurum bank AG, ending regulatory forbearance for the bitcoin.de platform. Most trading on bitcoin.de has been suspended since June 12, 2026, leading parent company Bitcoin Group SE to post first-half 2026 revenue of €1.59 million, down from €3.78 million, alongside an EBITDA loss of €3.25 million. In response, Bitcoin Group SE is evaluating an appeal while restructuring its business model to outsource trading execution and custody to regulated German partner institutions.