Hamburg, September 9, 2025 – YPOG has successfully advised Bullish Europe GmbH (BEU) on securing its authorization under the Markets in Crypto-Assets Regulation (MiCAR).
BEU is an affiliate of Bullish Group, a global provider of market infrastructure and information services, which completed its IPO on the New York Stock Exchange just a month ago.
YPOG had already supported BEU in 2024 in obtaining a national license under the German Banking Act. The new MiCAR authorization builds on that foundation and enables BEU to operate under a single, EU-wide regulatory regime. The experienced YPOG team was co-led by Carola Rathke and David John.
“We are proud to have supported Bullish once again in an important project, reinforcing Germany’s role as a gateway to the European market” said Carola Rathke, Co-Managing Partner at YPOG.
MiCAR introduces a harmonized legal framework for crypto-asset service providers across the EU, promoting legal certainty and market integrity.
Further information: https://bullish.com/
Team
Dr. Carola Rathke (Co-Lead, Fintech + DLT), Partner, Hamburg
Dr. David John (Co-Lead, Fintech +DLT), Senior Associate, Hamburg
Thomas Tüllmann (Fintech + DLT), Associated Partner, Hamburg
Felix Pinkepank (Fintech + DLT), Senior Associate, Cologne
Dr. Mirko Grunert (Fintech + DLT), Associate, Hamburg
Contact
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 180 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, Munich and London. Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog