Banking services, 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 necessary permission. To find out if a specific company is authorized by BaFin, you can check the company’s database.
Information about BaFin is based on § 10 ABS. 7 of the Cryptomonitoring Act.
What you should know!
BaFin, the Federal Criminal Police Office, and the State Criminal Investigation Office generally advise consumers to be extremely vigilant about internet investments and to conduct thorough research in advance to identify fraud attempts in a timely manner.
As a result, the «Caution was the» podcast from BaFin Consumers Protection helps you learn how to protect yourself from fraud schemes.
