Quantcast

BaFin announces warning on unauthorized services by identical websites

CRYPTO NEWS AROUND THE GLOBE
A closer look at the tough month for spot bitcoin ETFs
ETFs on pause but investors are starting to buy back, what consequences?
Crypto investment outflows reach 3-week streak with $435m
Renzo is coming to Binance Launchpool: how to participate to earn REZ tokens?
Bitcoin halving was 'not priced in' despite recent correction, analyst says
Bitcoin Price Prediction: Surges to $64,500, Rare 'Epic Sat' Sells for $2.1M
Crypto: A $500 million liquidation threat on Ethereum
The European Union Strengthens Controls On Cryptos: True Or False?
Alien CryptoPunk sells for $12.5m as rare NFT trading heats up
Crypto: FTX is getting rid of its Solana, what impact on the price of SOL?
Renzo’s ezETH falls as low as $700, leading to $56m in liquidations
Meet this ex-poker tournament organizer who is launching his euro stablecoin
Bitcoin: Btc Outperforms Tesla (Tsla) Stock For The First Time Since 2019
A drawdown for DEXs: Traders on Ethereum hits lowest level since February
NEKO Cat Token Soars 7,100% and All Eyes Turn to This New Dog Coin That Just Secured $10 Million Funding
Ethereum Vs Restaking: Eigenlayer Facing A Yield Crisis?
SafeMoon CEO John Karony Claims He's "Innocent" Of Multi-Million Crypto Fraud Scheme
Shiba Inu (SHIB) raises $12 million to create layer 3 based on anonymity
Turkey's investing app Midas raises $45m to double down on crypto
Swiss Bitcoin advocates launch campaign to include BTC in National Bank reserves
Crypto & Web3: Things to watch closely this week
Find out how to transform 10 euros into 100k with Bitcoin Runes
After 6 weeks of accumulation, Ethereum ready to soar? ETH analysis of April 19, 2024
Best Crypto to Buy Now April 19 – Bitcoin, Dogwifhat, THORChain
Billionaire Mark Cuban weighs in on the bitcoin halving
Why Brevan Howard’s crypto boss plans to tap AI and blockchain opportunities
Worldcoin launches layer 2 blockchain as eye scanning venture hits 10m users
Europe dominates crypto banking with 63 providers
French Usual raises $7M with its stablecoin USD0
Binance teams up with European universities to train students in Web3
All Crypto News Around The Globe
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

BaFin announces warning on unauthorized services and identity fraud by pellertrading.online

The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding the website pellertrading.online.

Apr 19, 2025

CNMV issues warnings on unregistered financial and crypto entities

The Comisión Nacional del Mercado de Valores (CNMV) has announced the issuance of warnings concerning unregistered financial and cryptocurrency entities operating without proper registration.

Apr 13, 2025

BaFin announces warning on unauthorized crpto services by tradesvisions.co

The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding the website tradesvisions.co, which is offering financial, investment, and crypto asset services without the necessary authorization.

Apr 12, 2025

Crypto Price Shifts for April 6, 2025

Today’s crypto overview: Price action across Bitcoin, Ethereum, Binance Coin, and more on April 6, 2025.

Apr 7, 2025

FIN-FSA announces full application of MiCA regulation

Finland’s Financial Supervisory Authority (FIN-FSA) has announced its review of topical supervisory themes, including the full application of the European Union Regulation on Markets in Crypto-Assets (MiCA), which regulates crypto-asset services.

Apr 7, 2025

CNMV issues warnings on unregistered financial and crypto entities

The Comisión Nacional del Mercado de Valores (CNMV) has issued warnings regarding unregistered financial and cryptocurrency entities operating without proper registration.

Apr 7, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Crypto Price Shifts for April 6, 2025