Erscheinung:14.03.2025 | Topic Unauthorised business, Consumer protection Globalcryptorcv: BaFin warns about the website globalcryptorcv.co
The Federal Financial Supervisory Authority (BaFin) warns consumers about the offers on the website globalcryptorcv.co. BaFin suspects the unknown operators of the website of offering consumers financial, investment and cryptoasset services without the required authorisation.
The company claims on its website to be based in London, UK. However, its terms and conditions refer to a registered office in St. Vincent and the Grenadines. The legal form is not specified. The company appears in connection with an earlier online trading platform that BaFin has already warned about.
Anyone conducting banking business or providing financial, investment or cryptoasset 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 (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KMAG).
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.
