Quantcast

BaFin announces warning on unauthorized services by AuraSwiss

CRYPTO NEWS AROUND THE GLOBE
Bitcoin: For billionaire investor Ray Dalio, only BTC and gold will save from future crises
BTC, XRP, DOGE Price: Dogecoin Drops, Bitcoin Steady Ahead of US CPI
Bitcoin hits level bulls must 'control' for a new $100K BTC price push
Trump reveals his price target for Bitcoin
Billionaire Ray Dalio Prefers Bitcoin Over Bonds
Bitcoin can separate money and state — David Sacks
Crypto Daybook Americas: Bitcoin (BTC) Price Hits Mid-Cycle Peak as Retail Interest in Altcoins Soars
Creating a strategic reserve with bitcoin: US states are exploring this possibility
El Salvador: When the Bitcoin dream meets the economic demands of the IMF
Bitcoin Not Just Money, Reveals Trading Legend Peter Brandt
FDIC asked banks to ‘pause’ crypto activities — Court docs
Solana: SEC rejects SOL cash ETFs
Czech Republic takes the lead in abolishing tax on certain capital gains on bitcoin
U.S. FDIC Told U.S. Banks to Lay Off Crypto, Letters Obtained by Coinbase Reveal
What next for Bitcoin after bursting $100k barrier?
Traders See Even More Bitcoin Buying Pressure as BTC Sets New Record at $103K
Key Indicators to Watch During the Bull Run to Spot the Peak
Vote of No Confidence in France: The Fall of the Government and Its Implications for Cryptocurrencies
Japan's FSA issues warnings against unregistered crypto exchanges
Trump nominates Paul Atkins to replace Gensler as SEC chair
Crypto community reacts to SEC chair Gensler's resignation
Binance survey finds crypto users prioritize earning extra income, achieving financial security
XRP returns to 3rd-largest crypto after 4-year battle with SEC
BRICS vs USA: Donald Trump warns countries that want to free themselves from the US dollar
Crypto Regulation on the Rise in Russia
Bitcoin (BTC) Dominance Tumbles as Altcoins Rumble: Crypto Daybook Americas
Bitcoin price ‘thrives in conflict’ as regional wars escalate
USA vs Europe: Are EU Banks More Open to Regulated Crypto Businesses?
Crypto Archives – When Morocco Banned Cryptocurrencies from the Country
Bitcoin Price Makes Another Run at $100K as U.S. Traders Return After Thanksgiving
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

ASIC warns investors about Bitget’s unlicensed crypto futures in Australia

The Australian Securities and Investments Commission (ASIC) has issued a warning to investors regarding unlicensed crypto asset futures products offered by Bitget, as said in a public announcement.

Jul 29, 2025

Binance expands off-exchange collateral services to include tokenized real-world assets

Binance has announced an expansion of its institutional off-exchange settlement services, introducing support for two tokenized real-world assets, USYC and cUSDO, which can now be pledged as collateral.

Jul 28, 2025

Co-founder of Ethereum: 'Almost exactly 50% of stake is voting to increase the L1 gas limit'

Vitalik Buterin, co-founder of Ethereum, has said that approximately half of the network's stake supports an increase in the Ethereum Layer 1 (L1) gas limit.

Jul 28, 2025

Executive Chairman of Strategy on bitcoin holdings: 'Strategy has acquired 6,220 BTC for ~$739.8 million'

Michael Saylor, executive chairman of Strategy, formerly known as MicroStrategy, announced on X that the company’s bitcoin holdings increased by 6,220 BTC, resulting in a year-to-date yield of 20.8 percent for 2025.

Jul 28, 2025

Binance founder on rising altcoin interest: ‘Not sure how accurate it is, but it is ticking up'

Changpeng Zhao, founder of Binance, indicated that interest in altcoins might be on the rise as CoinMarketCap's Alt Season Index shows an upward trend.

Jul 28, 2025

Chief market strategist of Creative Planning: 'Gold and Bitcoin are now the top-performing major assets so far in 2025'

Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.

Jul 18, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Binance founder on rising altcoin interest: ‘Not sure how accurate it is, but it is ticking up'

2

Binance expands off-exchange collateral services to include tokenized real-world assets

3

Co-founder of Ethereum: 'Almost exactly 50% of stake is voting to increase the L1 gas limit'

4

ASIC warns investors about Bitget’s unlicensed crypto futures in Australia