Banking activities, financial services, and crypto value-added services in Germany are only allowed to be offered with permission from BaFin. However, some companies offer such services without the required authorization. To find out if a specific company is authorized by BaFin, you can check the company’s database.
Information about BaFin is based on Section § 37 of the credit document.
What you need to know!
BaFin, the Federal Criminal Police Office, and the State Criminal Police Office generally 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 «Be cautious!» podcast by BaFin Consumer Protection will help you learn how to protect yourself from fraud traps.
