German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations

German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations

The hammer is coming down again on the Karatbars ecosystem as German and South African regulators have taken separate actions over sales of a purportedly gold-backed cryptocurrency. Germany’s Financial Supervisory Authority (BaFin) disclosed Monday that it had a cease-and-desist order against Karatbit Foundation on Oct.