Banking, financial services, and crypto asset services in Germany are only allowed with permission from Bafin. Some companies, however, offer such services without the required authorization. To check if a specific company is approved by Bafin, you can find the company’s database.
BAFIN information is based on Section 10 (7) of the Cryptoms Market Surveillance Act.
What you should know!
In general, Bafin, the Federal Criminal Police Office, and the State Criminal Investigation Office advise consumers to be extremely cautious with internet investments and to research in advance to identify fraud attempts in a timely manner.
As a result, the «Vorsicht war es der» podcast from Bafin Consumer Protection will help you learn how to protect yourself from fraud traps.
