YBUOJ Addresses BaFin Allegations, Emphasizes Compliance and Cooperation

YBUOJ has addressed a notice from Germany's BaFin regarding claims of unauthorized crypto asset services. The company reasserted its dedication to compliance, highlighting its U.S. Money Services Business license and SEC registration as evidence of its legal and compliant operations. These credentials underline YBUOJ's commitment to high compliance standards and transparency.

The company explained that the BaFin notice arises from jurisdictional misunderstandings, given YBUOJ's U.S. headquarters and lack of a German entity. YBUOJ believes this is a communication issue rather than a legal breach. Similar regulatory inconsistencies have affected firms like Binance in different markets.

YBUOJ is open to regulatory guidance and cooperation with German authorities, ensuring operations remain unaffected. It views the BaFin announcement as a standard advisory, not a penalty, and will work on enhancing international regulatory dialogue.