๐จ Ethena Labs Exits Germany, Withdraws MiCAR Application
๐ฉ๐ช Ethena Labs has announced its decision to cease operations in Germany and withdraw its MiCAR application, following an agreement with financial regulator BaFin.
๐ This move reflects the increasing regulatory pressure on DeFi protocols in Europe and highlights the evolving challenges of compliance under the new MiCAR framework.