
Banking, financial services, and crypto value 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 approved by Bafin, you can check the company’s database.
Information about Bafin based on § 10 ABS. 7 Cryptocurrency Exchange Law.
What you should know!
Bafin, the Federal Criminal Police Office, and the State Criminal Police Office advise consumers in general to be extremely cautious with internet investments and to investigate in advance to identify fraud attempts in a timely manner.
As a result, the «Caution Was It» podcast from Bafin Consumer Protection is available. You will also learn how to protect yourself from fraud traps.