Quantcast

BaFin announces warning on unauthorized services by AuraSwiss

CRYPTO NEWS AROUND THE GLOBE
JP Morgan explore la tokenisation dans les portefeuilles d'investissement
FMI : vous ne posséderez plus de cash, mais seulement des MNBC
USA : La SEC a connu une année « productive » contre les cryptos
États-Unis : un nouveau cadre fiscal sur les cryptos pourrait « tuer » la DeFi
Fiscalité crypto internationale : l'OCDE rallie 48 pays derrière son projet
Chinese Gang Dupes Users With Fake Skype and Binance Apps, Millions in Crypto Stolen
As Binance Launches Web3 Wallet, Is a $300 BNB Token Price Within Reach?
Rebuild or retreat? Crypto faces tough choices after FTX
FTX Marks a Year in Bankruptcy. What We’ve Learned From Crypto Restructurings.
Foresight Ventures Takes Majority Stake in Crypto News Site The Block
FTX Sues Crypto Exchange Bybit to Recover $953 Million in Cash and Assets
Binance Halts Illicit Fund Movement, Ceases Russian Ruble Deposits
Sam Bankman-Fried Could Get 100 Years in Prison. What Is Fair?
Tighter rules make an impact on UK crypto markets
Why Are French Men Making Cryptocurrency Bets?
Incubateurs Web3 : lequel choisir ?
Serena lance un fonds de 100 millions d'euros
How Misinformation On Hamas And Crypto Fooled Nearly 20% Of Congress
Ether Soars After BlackRock Files for Spot Ethereum ETF
Celsius Network, One of Crypto’s Biggest Collapses, Ends Bankruptcy Case
The crypto ATM business is somehow still booming
Le « made in France », victime à son tour de l’inflation
La start-up française Quandela lève 50 millions d’euros pour fabriquer des ordinateurs quantiques
Emmanuel Macron apporte son soutien à un projet de musée du jeu vidéo lancé par un youtubeur
Kazakhstan’s authorities confirm they blocked access to Coinbase: Report
Crypto Entrepreneurs Are Pivoting to AI. Here’s One Founder’s Experience.
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’
Binance to Shut Down Ruble Payment Partnership
All Crypto News Around The Globe
BaFin announces warning on unauthorized services by AuraSwiss
Webp branson
Mark Bran­son, president of BaFin | BaFin

The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning regarding the company AuraSwiss, which may be offering unauthorized financial services. This announcement was made in a news release on January 7, 2025.

According to BaFin, AuraSwiss and its website, auraswiss.net, are suspected of providing financial and investment services without proper authorization. The authority notes that the website's content mirrors other previously flagged platforms using promotional language such as "Invest in Success Prosper with Confidence!" to attract consumers. In Germany, financial or investment services require BaFin authorization, and individuals can verify a company's authorization status through BaFin's company database.

Aura Swiss, founded in 2005, offers trading and investment services with over 20 years of experience. The company claims to provide various tools, trading signals, and multi-device support for trading in stocks, commodities, cryptocurrencies, and forex.

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) allows 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 the cessation of operations and appoint a liquidator to handle the settlement. Additionally, BaFin has the authority to inform the public if a company is suspected or found to be engaging in unauthorized activities; if the information is proven false, BaFin is required to correct it.

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

More News

European Crypto Initiative co-founder: MEV counter-measures should consider 'DeFI users and crypto-assets market integrity'

Marina Markezic, co-founder of the European Crypto Initiative, said that increased regulatory attention on Maximal Extractable Value (MEV) necessitates counter-measures to protect users and maintain market integrity while ensuring blockchain...

Jul 16, 2025

Founder of Binance on Bloomberg coverage: 'Might have to sue them again for defamation'

Changpeng Zhao, founder of Binance, has said that a Bloomberg article contained multiple factual errors and suggested that legal action for defamation could be considered again.

Jul 16, 2025

Ethereum co-founder: Privacy protections create 'a more secure world with stronger freedoms'

Vitalik Buterin, co-founder of Ethereum, has emphasized the importance of robust privacy protections for security.

Jul 16, 2025

Chief Market Strategist of Creative Planning on S&P 500: 'There is no impossible in markets'

Charlie Bilello, Chief Market Strategist at Creative Planning, said that the S&P 500's strong rebound from a steep early-year loss to a year-to-date gain illustrates the unpredictability and resilience of markets.

Jul 16, 2025

Binance unveils world’s first Sharia-compliant multi-token staking product

Binance has announced the launch of Sharia Earn, a multi-token staking product designed to comply with Islamic finance principles.

Jul 16, 2025

Ripple CEO in Senate testimony: We help 'financial institutions reduce friction, unlock efficiencies, and serve their customers better'

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Executive Chairman of Strategy: Public firms added ~131K BTC in Q2, boosting their bitcoin holdings by 18%