Quantcast

BaFin announces another warning on unauthorized services by Interactive Assets

CRYPTO NEWS AROUND THE GLOBE
Greens’ push to end German cryptocurrency tax exemption sparks debate
French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator
N26 Launches New Cryptocurrency Trading Product, N26 Crypto
Rise in crypto fund launches predicted as digital gains “acceptance”
EU threatens US hegemony of stablecoins and $140 billion market
Giggle Academy: Changpeng Zhao (CZ) presents his new entrepreneurial project
Crypto: France becomes one of the leaders in adoption!
Mintos Expands Its Reach And Officially Debuts In France And The Netherlands
Millionero wins Best Start Up Exchange Award at Crypto Expo Europe 2024, Romania
Galaxy Digital to launch new ETPs in Europe
Binance Launches Internal Investigation Following Reports of BOME Insider Trading
The bull run is just beginning according to Binance CEO
Binance offers $5M reward for insider trading tip-offs
Tether's USDT Gets Delisted on Crypto Exchange OKX for EU Users
Crypto.com's CEO believes bitcoin price in December 2020 phase of cycle
AI is worsening a €16bn tsunami of fake goods. The EU wants blockchain to help
EU publishes draft rules for stablecoin issuer complaint procedures
Steven Cohen's Point72 Ventures backs European crypto exchange D2X in $10m funding
France's Request Finance acquires crypto accounting fintech Consola Finance - FinTech Futures: Fintech news
OpenAI swoops up French and Spanish news partners for AI chatbot training
Javier García de la Torre: "2024 will be a year of cautious optimism in the crypto sector"
ECB Executive pens November 2025 rollout for digital Euro CBDC
Cryptocurrencies: The Eu Will Crack Down More Severely On Sanctions Violations
EU Parliament Passes Sanctions Law Including Crypto, Aiming To Seal Loopholes Across 27 States
Global crypto investment products saw $2.7 billion record inflows last week
Can the digital euro actually find traction in Europe?
Binance exit sparks fears and opportunities in Nigeria’s crypto community
Portugal elections: Is the country’s crypto-friendly status at stake?
European countries roll out crypto laws in race toward MiCA
EU Leads In Crypto Products And Regulation: Interview With Menno Martens, A Product Manager At VanEck EU
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

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%