In recent crypto news, Ethena Labs has exited the German market due to regulatory issues surrounding its USDe stablecoin. Following an agreement with BaFin, the German financial regulator, Ethena will no longer operate its local subsidiary. The departure signifies increased scrutiny of crypto assets in Germany. In El Salvador, recent data reveals that only 11% of registered Bitcoin service providers are operational, with many failing to meet the requirements set by the country's Bitcoin Law, which necessitates compliance with Anti-Money Laundering protocols and financial record-keeping. Additionally, Jake Gallen, CEO of Emblem Vault, has issued a warning after losing over $100,000 in crypto due to a Zoom meeting scam. Gallen experienced a computer compromise during a call with a purported crypto platform founder, who gained remote access and stole assets from his wallets. Security experts have noted the risks associated with granting remote access in virtual meetings, advising users to adjust their settings for increased security.

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