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Ethena Exits Germany, Withdraws MiCAR Operations; Here's Why

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Summary
Nutrition label

62% Informative

Decrypted finance protocol Ethena Labs has reached an agreement with German watchdog BaFin to end operations in the country.

The firm also announced that it is withdrawing its MiCAR application in Germany .

This development comes following Europe ’s increasing efforts in fostering crypto growth and development.

The ENA token has experienced a severe downturn over the past 24 hours .

VR Score

39

Informative language

23

Neutral language

52

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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