#Quinn Emanuel #BaFin #Apertum Holding

Apertum Holding Challenges BaFin's Warning on DAO1

In a significant legal maneuver, Apertum Holding Ltd. has enlisted the support of the renowned litigation firm Quinn Emanuel Urquhart & Sullivan, LLP to dispute a warning issued by the German Federal Financial Supervisory Authority (BaFin) concerning its decentralized platform, DAO1. This legal action highlights the ongoing complexities surrounding regulatory frameworks in the rapidly evolving landscape of digital asset technology.

Background of the Dispute

The BaFin warning claims that DAO1 is operating without the proper licenses as stipulated under the EU Regulation 2023/1114 on crypto-asset markets (MiCAR). According to BaFin, such operations require adherence to specific licensing regulations intended to govern financial activities within the EU. However, Apertum asserts that their practices do not infringe on these regulations and maintains that there is no substantial basis for the warning.

Quinn Emanuel has commenced discussions with BaFin, seeking to clarify the obligations of approval under the MiCAR regulation. The overarching goal for Apertum is to protect its interests while ensuring compliance with applicable laws in the jurisdictions in which it conducts business.

Quinn Emanuel's Track Record

Quinn Emanuel is distinguished as one of the largest litigation-only firms globally, with over 1,200 attorneys engaged exclusively in business litigation and arbitration. The firm boasts an impressive win rate, having successfully litigated over 2,500 cases with an impressive 86% victory rate. Their expertise has garnered recognition from corporate legal departments worldwide, earning the title of