Ethena Winds Down German Operations: ENA Token Falls 5%

TL;DR Ethena reached an agreement with the German regulator BaFin to shut down its operations in Germany, transferring all existing users to its entity in the British Virgin Islands. The decision follows a warning from BaFin about “serious deficiencies” in Ethena’s USDe token. The price of the ENA token has dropped by 5. 05% in the. . . source: https://crypto-economy.com/ethena-winds-down-german-operations-ena-token-falls-5/