Erscheinung:20.12.2023 | Topic Unauthorised business, Consumer protection cryptocurrencyexz.com: BaFin investigates the company CryptoCurrency
The Federal Financial Supervisory Authority (BaFin) warns consumers about the CryptoCurrency online trading platform. According to information available to BaFin, the website operator is offering financial services on its website cryptocurrencyexz.com without the required authorisation. The company is not supervised by BaFin.
Anyone wishing to provide financial services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
