Banking transactions, financial services, and crypto value services in Germany are only allowed to be offered with approval from BaFin. However, some companies offer such services without the necessary permission. To find out if a specific company is approved by BaFin, you can check the company’s database.
Information about BaFin is based on paragraph § 37 of the credit document.
What you should know!
BaFin, the Federal Criminal Police Office, and the State Criminal Police Office advise consumers to be extremely vigilant with internet investments and to conduct thorough research in advance to identify fraud attempts in a timely manner.
As a result, the «Beware It Was» podcast from BaFin Consumers Protection provides insights on how to protect yourself from fraud pitfalls.
