Quantcast

BaFin announces warning on unauthorized services by Fintexa.net

CRYPTO NEWS AROUND THE GLOBE
Trump's US-Propelled Crypto Adoption – Will France Follow?
MicroStrategy Upsizes Debt Offering to $2.6B; Breaks Into Top 100 U.S. Public Companies by Market Cap
Bitcoin on November 20 – BTC dominates the crypto market in this bull run
BIS study questions decentralization in DeFi liquidity provision
Polish Presidential Candidate Bullish on Bitcoin – Following in Donald Trump’s Footsteps?
Cryptocurrencies: Goldman Sachs will dedicate its blockchain to institutional trading
Michael Saylor's MicroStrategy Added Additional 51,780 Bitcoin for $4.6B
Speculation looms over SEC leadership under Trump as rhetoric escalates
Outlier Ventures CCO: 'Fundamental crypto general-purpose technology' in off-chain sectors is 'interesting'
Bank of Russia revokes license of Corporate Finance Bank LLC
MANTRA CEO: 'We're obviously meant to be relatively agnostic' as a 'layer one blockchain'
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Chainalysis CRO: 'I think TradFi is coming to the blockchain'
KYC, filtering, and sanctions: the European Banking Authority wants to toughen crypto regulation
Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF
Gary Gensler's days at the SEC are numbered – His letter suggests his resignationGary Gensler's days at the SEC are numbered – His letter suggests his resignation
Visa launches tokenized asset platform to bridge fiat and blockchain
DFF CEO: 'There needs to be more collaboration, more unity between nations'
Bitcoin: BTC surpasses $92,000, on the way to $100,000?
BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to 5 New Blockchains
Donald Trump Places Elon Musk in Government Position – What Impact on Dogecoin (DOGE)?
Dogecoin Flips XRP as Elon Musk-Linked Trade Keeps on Giving
Elon Musk revives the idea of dismantling the Federal Reserve (Fed): A call to Bitcoin supporters?
Bitcoin offers almost a new ATH per day – 100,000$ by January?
Dubai real estate policy director: We aim to grow 'real estate transactions' to '1 trillion dirhams'
Nansen CEO: 'We believe that every asset will be tokenized'
Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning
Ethereum deploys nearly $500M to ecosystem projects in 2022–23: Report
BlackRock Bitcoin ETF (IBIT) records record $1.1 billion in admissions
CEO of Canadian Crypto Holding Returns Safely After Paying $720K Ransom: Report
All Crypto News Around The Globe
BaFin announces warning on unauthorized services by Fintexa.net
Webp branson
Mark Bran­son, president of BaFin | BaFin

The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning regarding the website Fintexa.net, cautioning the public that the company may be offering unauthorized financial services. This announcement was made in a news release on January 2, 2025.

According to BaFin, there is suspicion that the operators of Fintexa.net are providing financial and investment services without the necessary authorization. In Germany, such services require BaFin's approval. The authority advises checking its database to verify whether a company is authorized to offer these services.

Fintexa.net is described as an online trading platform offering various financial services, including Forex, cryptocurrency, and stock trading. It advertises features like low spreads, fast order execution, and customer support while claiming to provide access to global markets and personalized trading assistance.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Section 37 of the German Banking Act (KWG) empowers BaFin to act against unauthorized banking activities or financial services. If a company operates without required licenses or engages in prohibited transactions, BaFin can order operations to cease and appoint a liquidator for settlement. Additionally, BaFin can inform the public about suspected unauthorized activities and must correct any false information if proven otherwise.

BaFin oversees Germany's financial system stability and integrity by supervising banks, financial service institutions, payment institutions, e-money institutions, insurers, asset managers, and related entities. Its responsibilities include solvency supervision and market supervision to ensure fair conditions while preventing misuse for money laundering or terrorist financing. Since May 1, 2002, following the merger of three federal supervisory offices, BaFin has been responsible for regulating and supervising the financial sector.

More News

FCA issues warning about TRADESUP LIMITED for unauthorized services

The Financial Conduct Authority (FCA) has issued a warning regarding TRADESUP LIMITED, a firm allegedly offering financial and cryptocurrency services without proper authorization in the United Kingdom.

May 9, 2025

AMF warns of unauthorized crypto-asset websites in France

The Autorité des Marchés Financiers (AMF) has released a list of websites allegedly offering unauthorized crypto-asset services in France.

May 9, 2025

BaFin warns of suspected unauthorized crypto services by Euro Pro Markets

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers about Euro Pro Markets and its website europromarkets.net.

May 9, 2025

FCA warns about unauthorized crypto services from Walton Assets

The Financial Conduct Authority (FCA) has issued a warning regarding Walton Assets, a firm offering financial and crypto-related services without proper authorization.

May 8, 2025

BaFin orders Ethena GmbH to halt unauthorized USDe token operations

The German Federal Financial Supervisory Authority (BaFin) has ordered Ethena GmbH to cease operations involving its USDe crypto token, citing serious deficiencies found during the approval process.

May 5, 2025

FCA issues warning on unauthorized services by Coinvestbase

The Financial Conduct Authority (FCA) has issued a warning regarding Coinvestbase, a firm suspected of offering or promoting financial services in the United Kingdom without proper authorization.

May 5, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

BaFin orders Ethena GmbH to halt unauthorized USDe token operations