Erscheinung:02.04.2025 | Topic Unauthorised business, Consumer protection timebtc.com: BaFin investigates Timebtc Group
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Timebtc Group and the services it is offering. BaFin has information that the company is offering cryptoasset services on its website timebtc.com without the required authorisation. The company is not supervised by BaFin.
Banking business, financial services and cryptoasset services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s company database.
BaFin is issuing this information on the basis of section 10 (7) of the German Banking Act (Kreditwesengesetz – KWG).
You should know this!
BaFin issues warnings about dubious fixed-term deposit offers.
In the ‘Recognising financial fraud’ section, you will find current warnings from BaFin about unauthorised companies and learn how you can protect yourself from further fraud on the financial market.
