Latest news with #BaFin
The Sun
2 days ago
- Business
- The Sun
YBUOJ Responds to BaFin Announcement, Reaffirms Compliance Credentials and Global Regulatory Commitment
COLORADO, USA - Media OutReach Newswire - 28 July 2025 - YBUOJ has issued an official response to a recent notice from the Federal Financial Supervisory Authority of Germany (BaFin), which alleged that the platform was offering crypto asset services in Germany without the necessary authorization. In its statement, YBUOJ firmly reaffirmed its commitment to regulatory compliance, emphasizing that it operates under a robust legal framework and actively seeks licenses across global jurisdictions. YBUOJ currently holds a U.S. Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is also registered with the U.S. Securities and Exchange Commission (SEC). These federal-level credentials confirm the lawful status and adherence of YBUOJ to high compliance standards. YBUOJ emphasizes that its possession of an MSB license and SEC registration signifies its adherence to strict compliance standards, with trading activities subject to oversight by authoritative regulators. This indicates that YBUOJ operates not only legally and compliantly in the U.S. market, but also meets high standards in terms of operational transparency and security. The BaFin announcement to jurisdictional differences in how licensing of foreign entities is interpreted. YBUOJ clarified that it is headquartered in the United States and does not maintain a legal entity in Germany. As such, it is regulated under U.S. law and aligned with internationally recognized compliance norms. The notice, YBUOJ suggested, likely stems from a regulatory communication gap rather than a breach of German financial law. Drawing a broader parallel, YBUOJ pointed to similar cases involving major exchanges like Binance, which faces varying degrees of regulatory acceptance across markets despite holding valid licenses elsewhere. Such discrepancies are common in the fragmented global crypto regulatory landscape. In its response, YBUOJ reaffirmed its commitment to compliance and welcomed regulatory guidance. It pledged full cooperation with German authorities to clarify the facts, stressing that the notice of BaFin relates only to licensing declarations and does not affect operations or asset security. YBUOJ clarified that the announcement of BaFin was a routine consumer advisory, not a penalty, and urged rational interpretation. European users can continue accessing the platform and trading as usual. YBUOJ will use this opportunity to enhance communication with regulators in Germany and other regions, maintaining its commitment to compliant, reliable global digital asset services.
The Sun
3 days ago
- Business
- The Sun
Regional Regulatory Misunderstanding, YBUOJ Responds Proactively to BaFin Advisory
COLORADO, USA - Media OutReach Newswire - 29 July 2025 - The Federal Financial Supervisory Authority of Germany (BaFin) recently issued a public advisory stating that crypto exchange YBUOJ was offering digital asset services to German investors without proper authorization—drawing significant market attention. However, the latest response of YBUOJ suggests the issue stems more from differences in regulatory interpretation and regional communication gaps than from any actual breach of compliance. According to publicly available information, YBUOJ is headquartered in the United States, where it holds a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is registered with the U.S. Securities and Exchange Commission (SEC). These credentials confirm that YBUOJ operates under recognized federal oversight and meets established international compliance standards. In response to the concerns of BaFin, YBUOJ promptly clarified that it is not registered in Germany and that all of its operations strictly follow U.S. regulatory requirements. This statement aligns with the nature of the notice of BaFin, which is categorized as a routine consumer advisory rather than an administrative sanction. Such scenarios are not uncommon in the crypto industry. Binance, for example, is generally well-regarded in Germany, yet it has faced serious warnings or service restrictions in countries like the UK, Canada, and Japan due to lacking local regulatory approval. These cases underscore that recognition of foreign compliance credentials varies widely across jurisdictions. The mention of YBUOJ in the advisory of BaFin highlights the broader challenges cross-border crypto platforms face in navigating differing national regulatory frameworks, where misunderstandings and communication gaps can easily arise. In light of the situation, YBUOJ has expressed its willingness to fully cooperate with German regulators, offering relevant documentation and compliance materials to clarify the facts and dispel any misconceptions. In addition, YBUOJ also indicated it may seek to obtain a local license in Germany in the future to better meet regional regulatory requirements. In conclusion, this incident appears to be a matter of regional regulatory misunderstanding, not substantive wrongdoing. The prompt, constructive response and solid compliance foundation of YBUOJ reflect its strategic commitment to global regulatory alignment—and offer a reference point for other industry participants in managing cross-jurisdictional compliance.
Zawya
3 days ago
- Business
- Zawya
Regional Regulatory Misunderstanding, YBUOJ Responds Proactively to BaFin Advisory
COLORADO, USA - Media OutReach Newswire - 29 July 2025 - The Federal Financial Supervisory Authority of Germany (BaFin) recently issued a public advisory stating that crypto exchange YBUOJ was offering digital asset services to German investors without proper authorization—drawing significant market attention. However, the latest response of YBUOJ suggests the issue stems more from differences in regulatory interpretation and regional communication gaps than from any actual breach of compliance. According to publicly available information, YBUOJ is headquartered in the United States, where it holds a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is registered with the U.S. Securities and Exchange Commission (SEC). These credentials confirm that YBUOJ operates under recognized federal oversight and meets established international compliance standards. In response to the concerns of BaFin, YBUOJ promptly clarified that it is not registered in Germany and that all of its operations strictly follow U.S. regulatory requirements. This statement aligns with the nature of the notice of BaFin, which is categorized as a routine consumer advisory rather than an administrative sanction. Such scenarios are not uncommon in the crypto industry. Binance, for example, is generally well-regarded in Germany, yet it has faced serious warnings or service restrictions in countries like the UK, Canada, and Japan due to lacking local regulatory approval. These cases underscore that recognition of foreign compliance credentials varies widely across jurisdictions. The mention of YBUOJ in the advisory of BaFin highlights the broader challenges cross-border crypto platforms face in navigating differing national regulatory frameworks, where misunderstandings and communication gaps can easily arise. In light of the situation, YBUOJ has expressed its willingness to fully cooperate with German regulators, offering relevant documentation and compliance materials to clarify the facts and dispel any misconceptions. In addition, YBUOJ also indicated it may seek to obtain a local license in Germany in the future to better meet regional regulatory requirements. In conclusion, this incident appears to be a matter of regional regulatory misunderstanding, not substantive wrongdoing. The prompt, constructive response and solid compliance foundation of YBUOJ reflect its strategic commitment to global regulatory alignment—and offer a reference point for other industry participants in managing cross-jurisdictional compliance. Hashtag: #YBUOJ The issuer is solely responsible for the content of this announcement. YBUOJ Digital Trade Limited
Malay Mail
3 days ago
- Business
- Malay Mail
Regional Regulatory Misunderstanding, YBUOJ Responds Proactively to BaFin Advisory
COLORADO, USA - Media OutReach Newswire - 29 July 2025 - The Federal Financial Supervisory Authority of Germany (BaFin) recently issued a public advisory stating that crypto exchange YBUOJ was offering digital asset services to German investors without proper authorization—drawing significant market attention. However, the latest response of YBUOJ suggests the issue stems more from differences in regulatory interpretation and regional communication gaps than from any actual breach of to publicly available information, YBUOJ is headquartered in the United States, where it holds a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is registered with the U.S. Securities and Exchange Commission (SEC). These credentials confirm that YBUOJ operates under recognized federal oversight and meets established international compliance response to the concerns of BaFin, YBUOJ promptly clarified that it is not registered in Germany and that all of its operations strictly follow U.S. regulatory requirements. This statement aligns with the nature of the notice of BaFin, which is categorized as a routine consumer advisory rather than an administrative scenarios are not uncommon in the crypto industry. Binance, for example, is generally well-regarded in Germany, yet it has faced serious warnings or service restrictions in countries like the UK, Canada, and Japan due to lacking local regulatory approval. These cases underscore that recognition of foreign compliance credentials varies widely across mention of YBUOJ in the advisory of BaFin highlights the broader challenges cross-border crypto platforms face in navigating differing national regulatory frameworks, where misunderstandings and communication gaps can easily light of the situation, YBUOJ has expressed its willingness to fully cooperate with German regulators, offering relevant documentation and compliance materials to clarify the facts and dispel any misconceptions. In addition, YBUOJ also indicated it may seek to obtain a local license in Germany in the future to better meet regional regulatory conclusion, this incident appears to be a matter of regional regulatory misunderstanding, not substantive wrongdoing. The prompt, constructive response and solid compliance foundation of YBUOJ reflect its strategic commitment to global regulatory alignment—and offer a reference point for other industry participants in managing cross-jurisdictional #YBUOJ The issuer is solely responsible for the content of this announcement.
Malay Mail
4 days ago
- Business
- Malay Mail
YBUOJ Responds to BaFin Announcement, Reaffirms Compliance Credentials and Global Regulatory Commitment
COLORADO, USA - Media OutReach Newswire - 28 July 2025 - YBUOJ has issued an official response to a recent notice from the Federal Financial Supervisory Authority of Germany (BaFin), which alleged that the platform was offering crypto asset services in Germany without the necessary authorization. In its statement, YBUOJ firmly reaffirmed its commitment to regulatory compliance, emphasizing that it operates under a robust legal framework and actively seeks licenses across global currently holds a U.S. Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is also registered with the U.S. Securities and Exchange Commission (SEC). These federal-level credentials confirm the lawful status and adherence of YBUOJ to high compliance emphasizes that its possession of an MSB license and SEC registration signifies its adherence to strict compliance standards, with trading activities subject to oversight by authoritative regulators. This indicates that YBUOJ operates not only legally and compliantly in the U.S. market, but also meets high standards in terms of operational transparency and BaFin announcement to jurisdictional differences in how licensing of foreign entities is interpreted. YBUOJ clarified that it is headquartered in the United States and does not maintain a legal entity in Germany. As such, it is regulated under U.S. law and aligned with internationally recognized compliance norms. The notice, YBUOJ suggested, likely stems from a regulatory communication gap rather than a breach of German financial a broader parallel, YBUOJ pointed to similar cases involving major exchanges like Binance, which faces varying degrees of regulatory acceptance across markets despite holding valid licenses elsewhere. Such discrepancies are common in the fragmented global crypto regulatory its response, YBUOJ reaffirmed its commitment to compliance and welcomed regulatory guidance. It pledged full cooperation with German authorities to clarify the facts, stressing that the notice of BaFin relates only to licensing declarations and does not affect operations or asset clarified that the announcement of BaFin was a routine consumer advisory, not a penalty, and urged rational interpretation. European users can continue accessing the platform and trading as will use this opportunity to enhance communication with regulators in Germany and other regions, maintaining its commitment to compliant, reliable global digital asset #YBUOJ The issuer is solely responsible for the content of this announcement.
