Erscheinung:26.08.2025 | Topic Unauthorised business, Consumer protection BlueOnyx Trade LTD: BaFin warns consumers about the website blueonyxtradeltd(.)com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company BlueOnyx Trade LTD and the services it is offering. BaFin suspects the unknown operators of the website blueonyxtradeltd(.)com of offering consumers financial, investment and cryptoasset services without the required authorisation. BlueOnyx Trade LTD, which supposedly has its registered office in Frankfurt am Main, claims to be supervised by BaFin. This is not the case. The “BaFin licence” that it uses to demonstrate this is fake.
Anyone 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.
BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz – KMAG).
