Banking services, 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 § 10 ABS. 7 of the Law on Cryptom Supervision.
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 research in advance to identify fraud attempts in time.
As a result, the «Caution Was It» podcast by BaFin Consumers Protection provides insights on how to protect yourself from fraud traps.
