德國的Bafin禁止公開出售Ethena Labs的USDE代幣，以違規

監管機構禁止了埃塞納（Ethena）的USDE代幣（合成美元）的公開銷售。該實體違反了歐盟的加密資產法規（MICAR）市場。

Germany’s financial watchdog, BaFin, has taken decisive action against Frankfurt-based crypto firm Ethena GmbH, shutting down the public sale of its USDe stablecoin, a synthetic dollar token.

德國的金融監管機構巴芬（Bafin）對總部位於法蘭克福的加密貨幣公司Ethena GmbH採取了決定性的行動，並關閉了其USDE Stablecoin的公開銷售，即合成美元代幣。

The regulator, which granted permission for Ethena to continue operating under the European Union’s Markets in Crypto-Assets Regulation (MiCAR), has reason to believe that the entity was engaging in selling activities that were not covered by the granted permission.

該監管機構允許Ethena在Crypto-Assets法規（MICAR）的歐盟市場下繼續運營，它有理由相信該實體正在從事銷售未經許可的銷售活動。

The supervisory authority BaFin has discovered severe flaws in the way Ethena approves its tokens. The regulatory authority commanded the company to maintain all its asset reserves frozen.

Bafin監督管理局以Ethena批准其令牌的方式發現了嚴重的缺陷。監管機構命令該公司維護其所有資產儲備。

The supervisory authority BaFin both controlled the asset management authority of the company executives and designated a special compliance oversight representative. The regulatory actions focus on protecting investors as well as implementing regulations.

Bafin監督管理局既控制公司高管的資產管理機構，又指定了特殊的合規性監督代表。監管行動著重於保護投資者和實施法規。

Ethena Labs stated on the X platform that backing for USDe tokens continues without disruption. Users maintain the ability to exchange tokens through Ethena BVI Limited while BaFin imposes restrictions.

Ethena Labs在X平台上指出，支持USDE代幣的支持並沒有中斷。用戶保持通過Ethena BVI Limited交換令牌的能力，而Bafin施加了限制。

Ethena stated that the token stability is protected by an algorithm which implements hedging derivatives. BaFin has voiced concern about Ethena Labs’ capacity to comply with MiCAR requirements.

乙烯表示，令牌穩定性受到實現對沖衍生物的算法的保護。巴芬對Ethena Labs符合MICAR要求的能力表示關注。

Because it does not meet the requirements for asset reserve management and capital compliance.

因為它不符合資產儲備管​​理和資本合規要求的要求。

BaFin Investigates sUSDe Tokens for EU Securities Breach

巴芬調查歐盟證券違規的蘇斯德令牌

MiCAR came into effect in 2024 and stipulates that asset-referenced tokens must undergo and receive regulatory approval for public selling.

Micar於2024年生效，並規定資產提交的代幣必須接受並獲得監管部門的公共銷售批准。

Ethena, together with other issuers, was granted permission to continue operating through a transition rule that approved ongoing activities but restricted new initiatives.

Ethena與其他發行人一起獲得了通過過渡規則繼續運營的許可，該規則批准了正在進行的活動，但限制了新計劃。

Ethena submitted its authorization request to BaFin on July 29, 2024, but regulatory standards have now shown that the company failed to meet essential requirements for continuing operations.

Ethena於2024年7月29日向Bafin提交了授權請求，但監管標準現在表明該公司未能滿足持續運營的基本要求。

Holders of USDe tokens should not try to exchange their tokens for direct payment from Ethena GmbH.

USDE代幣的持有人不應試圖將其令牌換成直接付款，以從Ethena Gmbh付款。

Trading activities on secondary markets remain unchanged. BaFin is carrying out an investigation into sUSDe linked tokens from Ethena because they generate extra value for token investors.

二級市場的交易活動保持不變。 Bafin正在對Ethena的Susde連接令牌進行調查，因為它們為代幣投資者帶來了額外的價值。

The regulator believes that the linked token meets EU security classifications, presenting additional legal challenges for Ethena.

監管機構認為，鏈接的令牌符合歐盟安全分類，對埃塞納（Ethena）提出了其他法律挑戰。

The regulatory actions by BaFin against Ethena highlight the increasing government oversight within the crypto market space.

巴芬對埃塞納（Ethena）的監管行動強調了加密貨幣市場空間內政府的監督日益增長。

Businesses operating in cryptocurrency must ensure absolute compliance with legal regulations to avoid facing regulatory action from authorities.

在加密貨幣中運營的企業必須確保絕對遵守法律法規，以避免面對當局的監管行動。

Both the industry sector and Ethena will be observing BaFin’s response to the company, and any upcoming legal actions against Ethena.

行業部門和埃塞納（Ethena）都將觀察巴芬對公司的反應，以及即將對埃塞納（Ethena）的任何法律行動。