Quantcast

BaFin announces another warning on unauthorized services by Interactive Assets

CRYPTO NEWS AROUND THE GLOBE
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
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
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
"Les cryptomonnaies ne servent à rien” : 10 exemples qui prouvent le contraire
Les cryptomonnaies permettent-elles de financer le terrorisme ?
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
All Crypto News Around The Globe
BaFin announces another warning on unauthorized services by Interactive Assets
Web3/Crypto
Webp branson1
Mark Bran­son, president of BaFin | BaFin

The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning regarding Interactive Assets, a company allegedly offering unauthorized banking and financial services through new websites. This announcement was made in a news release on February 14, 2025.

According to BaFin, Interactive Assets has transitioned from its deactivated website interactiveassets.pro to new sites interactiveassets.biz and interactiveassets.trade. The operators are suspected of providing unauthorized financial, investment, and crypto asset services while falsely claiming affiliation with Börse Stuttgart GmbH and supervision by BaFin. This constitutes identity fraud, as per the German Banking Act and Cryptomarkets Supervision Act.

The German Crypto Markets Supervision Act (KMAG), effective December 27, 2024, introduces regulatory measures for overseeing crypto markets in Germany. It emphasizes market transparency, operational resilience, and compliance with European crypto regulations. The KMAG mandates that crypto service providers secure licenses, maintain robust systems, and ensure transparent practices within the sector to align with EU standards.

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.

Blockpit's analysis of Europe's safest licensed cryptocurrency exchanges ranks Binance first due to its regulation in multiple European countries, AES-256 encryption, and the Secure Asset Fund for Users (SAFU) program for user protection. Coinbase is ranked second with 98% of assets held offline and licensing by BaFin in Germany. Kraken ranks third by storing 95% of assets in cold wallets and adhering to regulations across the EU and other regions.

BaFin is responsible for overseeing 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. BaFin's responsibilities include solvency supervision, market supervision to ensure fair conditions, and preventing misuse for money laundering or terrorist financing.

Organizations Included in this History
Germany - Federal Financial Supervisory Authority (BaFin)
More News

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

Binance to update collateral ratios for several assets under Cross Margin

Binance has announced an update to the collateral ratios for several assets under its Cross Margin platform, set to occur between July 25 and August 1.

Jul 18, 2025

Binance founder on Sen. Warren comments: 'NYSE ≠ economy'

Changpeng "CZ" Zhao, founder of Binance, said that the New York Stock Exchange (NYSE) should not be equated with the entire U.S. economy.

Jul 18, 2025

Co-founder of Ethereum on L2 development: A 'combination of trust minimization and efficiency'

Vitalik Buterin, co-founder of Ethereum, said that building layer-2 networks to leverage Ethereum’s core features delivers security and efficiency unachievable by earlier enterprise blockchains.

Jul 18, 2025

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

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%