Quantcast

BaFin announces warning on unauthorized services by identical websites

CRYPTO NEWS AROUND THE GLOBE
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?
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
CEO of Dubai Blockchain Center: Crypto 'is no longer alternative for us'
Binance CTO: 'Binance is the best exchange in the world for slippage and order book depth'
Coinbase exec urges SEC reform after Trump’s election win
First Mover Americas: BTC Hit All-Time High as Trump Closed In on Victory
Solana surpasses BNB and propels itself to fourth place in the market
A Bitcoin reserve for the United States: the bold strategy of the BPI against the BRICS
Bitcoin close to 75 000 $ and c’is the whole sector of cryptocurrencies that is igniting
Binance announces new vice president of product
First UK Pension Fund Invests in Bitcoin
Upcoming US elections poised to influence crypto legislation in 2025: Here’s what could happen next
New bank chooses Ethereum (ETH): UBS launches tokenized fund
Binance announces Binance Wealth platform tailored for wealth managers
Bitcoin Plummets And Loses 2 Billion Dollars In A Day
I went to meet the ‘real’ Satoshi Nakamoto in London. It was… revealing
42 Billion dollars: this is the amount that MicroStrategy wants to raise to buy more Bitcoin
The Digital Chamber: 'we are thrilled to celebrate the release of Tigran Gambaryan'
Instant and no-fee crypto payments: a new era for digital transactions
The growth of this blockchain is surpassing that of’Ethereum
Stripe’s Bridge buy a sign that crypto’s new competitors — and partners — are big fintechs, says Gemini’s EU head
Here Are 3 Reasons Why Bitcoin Open Interest Set Record Highs as BTC Price Surge to $71K
MicroStrategy announces plan to raise $42 billion to buy more bitcoin
Crypto France: BANGK wants to revolutionize ethical finance with blockchain
Ethereum mainnet issues drive users to Layer 2s and Solana, analyst says
Binance announces Binance Connect relaunch
MicroStrategy’s Current Premium Relative to Its Bitcoin Stack Is Unlikely to Last: Steno Research
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

CEO of Coinbase on future crypto adoption: 'The best tech is often invisible'

Brian Armstrong, CEO of Coinbase, said that broader cryptocurrency use will emerge from seamless products where users benefit without engaging with the underlying systems.

Oct 22, 2025

Strategy co-founder on bitcoin holdings: 'Strategy has acquired 220 BTC for ~$27.2 million'

Michael Saylor, co-founder of Strategy Inc., announced that the company has expanded its bitcoin holdings and reported a 25.9% year-to-date yield for 2025.

Oct 22, 2025

Founder of Wealth Mastery on crypto market volatility: 'This is not the time for over-leveraging'

Lark Davis, founder of Wealth Mastery, advised traders to avoid leverage and risky "revenge trading" amid widespread liquidations and emphasized the importance of protecting capital.

Oct 22, 2025

Optimum co-founder on gold rally: 'That just unlocks more room for Bitcoin'

Kent Lin, Co-founder of Optimum, said that Bitcoin's market capitalization is approximately 7% of gold's, suggesting that the rally in gold expands potential upside for Bitcoin.

Oct 22, 2025

CAFE Association Research director on industry leadership: CAFE is demonstrating ‘how consumer protection and innovation coexist’

Anna Milne, founding director of research for the CAFE Association, said that membership focuses on industry leadership that combines innovation with consumer protection, rather than merely adhering to baseline compliance.

Oct 20, 2025

CAFE Association Executive Director on consumer protection: 'Our mission is to protect vulnerable populations, provide trusted resources'

Edward "Coach" Weinhaus, the Founding Executive Director of the CAFE Association, emphasized that fraud is a shared problem and detailed the organization's plan to educate consumers and support responsible companies.

Oct 17, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Crypto Anti-Fraud Education Association launches with open membership

2

CAFE Association Research director on industry leadership: CAFE is demonstrating ‘how consumer protection and innovation coexist’