{"id":470836,"date":"2025-03-21T19:45:34","date_gmt":"2025-03-21T19:45:34","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=470836"},"modified":"2025-12-03T12:45:08","modified_gmt":"2025-12-03T12:45:08","slug":"german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/","title":{"rendered":"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security"},"content":{"rendered":"

Germany\u2019s Federal Financial Supervisory Authority (BaFin) has rejected Ethena Labs\u2019<\/a> application to issue asset-referenced tokens under the European Union\u2019s Markets in Crypto-Assets Regulation (MiCAR). <\/span><\/p>\n

The regulator also raised concerns that the sUSDe may constitute an unlicensed security offering.<\/span><\/p>\n

According to BaFin\u2019s<\/span> official notice<\/a><\/strong>, the application submitted by Ethena GmbH, a Frankfurt-based entity under Ethena Labs\u2019 corporate structure, exhibited \u201csignificant deficiencies\u201d in organizational practices and failed to meet MiCAR requirements concerning asset reserves and capital adequacy.\u00a0<\/span><\/p>\n

BaFin immediately imposed enforceable supervisory measures, including prohibiting further public offerings of the USDe<\/a> token within Germany, and ordered custodians to freeze the token\u2019s reserve assets.<\/span><\/p>\n

Notably, some stablecoin issuers have been facing difficulties under the MiCA regulation. Major European exchanges<\/span> delisted<\/a><\/strong> Tether<\/a> USD (USDT<\/a>) because they were concerned that the token might be non-compliant. However, authorities have not yet deemed USDT non-compliant.<\/span><\/p>\n

Ordered to stop USDe issuance<\/strong><\/h2>\n

However, under a MiCAR transitional provision, Ethena GmbH continued issuing the token in Germany after applying for authorization on July 29, 2024. <\/span><\/p>\n

Approximately 5.4 billion USDe tokens are currently circulating, most of which were issued before MiCAR\u2019s effective enforcement and outside of Germany.<\/span><\/p>\n

BaFin clarified that its actions do not affect USDe's secondary market trading but temporarily restrict redemptions directly through Ethena GmbH. Since January 2025, Ethena BVI Limited, an affiliated entity based in the British Virgin Islands, has also facilitated the token's issuance.<\/span><\/p>\n

Moreover, the regulator appointed a special representative to monitor compliance and noted the potential for additional actions, including a ban on public offerings of associated securities.<\/span><\/p>\n

Securities offering<\/strong><\/h2>\n

Beyond operational shortcomings, BaFin expressed a \u201csufficiently substantiated suspicion\u201d that the sUSDe token qualifies as a security under German law and has been offered publicly without an approved securities prospectus.\u00a0<\/span><\/p>\n

The sUSDe is a yield-bearing stablecoin acquired by staking USDe. BaFin\u2019s concern stems from the financial structure and alleged profit promise embedded in the sUSDe token, which may trigger regulatory classification as a security.<\/span><\/p>\n

BaFin\u2019s position introduces a regulatory challenge to hybrid instruments like sUSDe, which combine stablecoin mechanics with yield-generation features. The regulator is actively evaluating whether the public distribution of such instruments requires compliance with securities law, including disclosure and prospectus obligations.\u00a0<\/span><\/p>\n

The outcome of this classification could set a precedent for similar crypto assets in the European Union.<\/span><\/p>\n

Ethena Labs' response<\/strong><\/h2>\n

In response, Ethena Labs published a<\/span> statement<\/a><\/strong> confirming that it had been informed of BaFin\u2019s decision to reject Ethena GmbH\u2019s MiCAR application. <\/span><\/p>\n

The company acknowledged the decision in a public statement and said it is \u201cevaluating alternative frameworks\u201d for regulatory compliance.<\/span><\/p>\n

Ethena added:<\/span><\/p>\n

“Since its inception, Ethena has been exploring various options and jurisdictions when it comes to regulatory frameworks globally. A MiCAR authorization via Ethena GmbH was one of various options we have been pursuing.”<\/strong><\/p><\/blockquote>\n

The firm emphasized that the decision does not impact USDe minting and redemption activities facilitated by Ethena BVI Limited, which services the \u201cvast majority\u201d of users. <\/span><\/p>\n

The company also denied speculation of an asset freeze, asserting that all reserves remain available. It added that it plans to revise its terms of service in the coming week.<\/span><\/p>\n

BaFin's rejection reinforces the increasing scrutiny of stablecoins and synthetic yield instruments operating within or targeting European markets following the implementation of MiCA.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Germany\u2019s Federal Financial Supervisory Authority (BaFin) has rejected Ethena Labs\u2019 application to issue asset-referenced tokens under the European Union\u2019s Markets in Crypto-Assets Regulation (MiCAR). The regulator also raised concerns that the sUSDe may constitute an unlicensed security offering. According to BaFin\u2019s official notice, the application submitted by Ethena GmbH, a Frankfurt-based entity under Ethena Labs\u2019 […]<\/p>\n","protected":false},"author":1511,"featured_media":470849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77968,11,32631],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nGerman regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security<\/title>\n<meta name=\"description\" content=\"According to the BaFin, the sUSDe offer "profit promises," potentially classifying it as a security.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security\" \/>\n<meta property=\"og:description\" content=\"According to the BaFin, the sUSDe offer "profit promises," potentially classifying it as a security.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-21T19:45:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-03T12:45:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/03\/ethena-eu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gino Matos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gino Matos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/#person\",\"name\":\"Gino Matos\",\"url\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-300x300.jpg\",\"caption\":\"Gino Matos\"},\"jobTitle\":\"Reporter\",\"description\":\"Gino Matos is a seasoned crypto journalist and law graduate covering Brazil\u2019s blockchain ecosystem and DeFi developments.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/pelicamatos\",\"https:\/\/www.linkedin.com\/in\/ginomatos\",\"https:\/\/muckrack.com\/gino-matos\"]},\"headline\":\"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security\",\"datePublished\":\"2025-03-21T19:45:34+00:00\",\"dateModified\":\"2025-12-03T12:45:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/\"},\"wordCount\":557,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Crypto\",\"Featured\",\"Regulation\",\"Stablecoins\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#respond\"]}],\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/\",\"url\":\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/\",\"name\":\"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2025-03-21T19:45:34+00:00\",\"dateModified\":\"2025-12-03T12:45:08+00:00\",\"description\":\"According to the BaFin, the sUSDe offer \\\"profit promises,\\\" potentially classifying it as a security.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/f03754c9e579651795caf77a2b00c49c\",\"name\":\"Gino Matos\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-150x150.jpg\",\"caption\":\"Gino Matos\"},\"description\":\"Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).\",\"url\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security","description":"According to the BaFin, the sUSDe offer \"profit promises,\" potentially classifying it as a security.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/","og_locale":"en_US","og_type":"article","og_title":"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security","og_description":"According to the BaFin, the sUSDe offer \"profit promises,\" potentially classifying it as a security.","og_url":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/","og_site_name":"CryptoSlate","article_published_time":"2025-03-21T19:45:34+00:00","article_modified_time":"2025-12-03T12:45:08+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/03\/ethena-eu.jpg","type":"image\/jpeg"}],"author":"Gino Matos","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Gino Matos","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/gino-matos\/#person","name":"Gino Matos","url":"https:\/\/cryptoslate.com\/author\/gino-matos\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/gino-matos\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/gino-matos\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-300x300.jpg","caption":"Gino Matos"},"jobTitle":"Reporter","description":"Gino Matos is a seasoned crypto journalist and law graduate covering Brazil\u2019s blockchain ecosystem and DeFi developments.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/x.com\/pelicamatos","https:\/\/www.linkedin.com\/in\/ginomatos","https:\/\/muckrack.com\/gino-matos"]},"headline":"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security","datePublished":"2025-03-21T19:45:34+00:00","dateModified":"2025-12-03T12:45:08+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/"},"wordCount":557,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Crypto","Featured","Regulation","Stablecoins"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#respond"]}],"copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/","url":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/","name":"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2025-03-21T19:45:34+00:00","dateModified":"2025-12-03T12:45:08+00:00","description":"According to the BaFin, the sUSDe offer \"profit promises,\" potentially classifying it as a security.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/german-regulator-rejects-ethena-labs-license-application-in-the-eu-suspects-susde-is-a-security\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"German regulator rejects Ethena Labs\u2019 license application in the EU, suspects sUSDe is a security"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/f03754c9e579651795caf77a2b00c49c","name":"Gino Matos","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-150x150.jpg","caption":"Gino Matos"},"description":"Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).","url":"https:\/\/cryptoslate.com\/author\/gino-matos\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/470836"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1511"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=470836"}],"version-history":[{"count":4,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/470836\/revisions"}],"predecessor-version":[{"id":470868,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/470836\/revisions\/470868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/470849"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=470836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=470836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=470836"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=470836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}