Quantcast

BaFin announces warning on unauthorized services by identical websites

UK sets out proposals to bring stablecoins into real economy
Why crypto is a poor relation of digital payments
Sam Bankman-Fried: the fallen ‘king of crypto’
Tokenisation : BNP Paribas avance lentement, mais sûrement
Bitcoin: approval of an ETF could boost its price by 74% over one year
Binance’s UK marketing push halted by regulator
Alexandre Tsydenkov (NFT Paris) : “Il faut mettre en avant ceux qui font avancer le Web3”
‘FTX was not fine’: How Sam Bankman-Fried’s tweets became central to his trial
Start-ups crypto : une reprise en trompe-l’oeil
Le PDG de Binance aurait refusé de payer 40 millions de dollars à SBF pour créer un exchange crypto en 2019
Bank of France Deputy Governor Views CBDCs as A Catalyst For Cross-border Payments
Le procès de Sam Bankman-Fried, le « Mozart des cryptomonnaies », et de la faillite de FTX s’ouvre à New York
France welcomes U.S. crypto companies looking for legal certainty
Binance CEO: France has proper crypto currency regulations
Blockchain executive: digital currency market in France 'resilient and abundant'
Europe : les grands enjeux qui attendent l’écosystème crypto
Crédit Agricole continue d’avancer sur la tokenisation
Retrait des fonds : le talon d’Achille de Binance
Coinbase to Offer Perpetual Futures to Retail Customers Outside U.S.
Cryptocurrency exchange Binance to exit Russia
Hong Kong fraud probe tests city’s pro-crypto stance | Financial Times
Crypto giant Binance sells Russian business to CommEX
Chase UK to ban cryptocurrency purchases over fraud fears
Crypto: Qwarks raises €800,000
Bernard Arnault et sa succession par un Pro-Bitcoin : Quel impact sur le marché Crypto ?
Cryptos : Galaxy Digital mise à son tour sur l'Europe
Crypto : Binance lance une contre-offensive contre la SEC
Ces institutionnels achètent la dette FTX dans l’espoir d’avoir des cryptos à prix cassé
Wall Street’s token crypto gesture
Mike Novogratz’s Galaxy Digital targets Europe for crypto expansion
BaFin announces warning on unauthorized services by identical websites
Webp branson
Mark Bran­son, president of BaFin | BaFin

The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning concerning the websites premiumtradingsignal.com and pausepointnext.com, which are allegedly offering unauthorized financial services. This announcement was made in a news release on January 7, 2025.

According to BaFin, the services offered on these websites appear identical and involve financial and investment services without the necessary authorization. The websites offer trading in financial instruments but lack essential details such as legal forms, registered offices, and legal notices. Furthermore, BaFin states that the claimed registration in Australia cannot be confirmed.

Pause Point Next, established in 2015, focuses on currency trading and offers services for Forex, Contracts for Difference (CFDs), and cryptocurrencies. It provides access to over 1,000 forex pairs as well as CFDs on shares, indices, energies, metals, and Exchange-Traded Funds (ETFs), according to the websites.

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) permits BaFin to intervene against unauthorized banking activities or financial services. If a company operates without necessary licenses or engages in prohibited transactions, BaFin can order operations to cease and appoint a liquidator for settlement. BaFin also holds the authority to inform the public if a company is suspected or found engaging in unauthorized activities; if proven false, it must correct this information.

BaFin oversees Germany's financial system's stability and integrity by supervising banks, financial service institutions, payment institutions, e-money institutions, insurers, asset managers, among others. 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

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025

Changpeng "CZ" Zhao, founder of Binance, said that practical education data from his Giggle Academy learning platform will connect young learners to job opportunities instead of focusing on degrees.

Jun 23, 2025

Farid Mahmoodi, a crypto trader and whistleblower, has raised serious allegations against the cryptocurrency exchange Bitget.

May 29, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Codex Finance, which is allegedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Dragonfly Capital Fx, which is reportedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Comisión Nacional del Mercado de Valores (CNMV) has announced that it has informed the European Securities and Markets Authority (ESMA) of its adoption of five MiCA Regulation development guidelines.

May 22, 2025