Quantcast

BaFin announces warning on unauthorized services by topcoinmarkt.de

American Bitcoin, BTC Miner Backed by Eric and Donald Trump Jr, to Go Public
China and the United States Reach an Agreement – ​​What if It's Bad News for Bitcoin?
Crypto custodian BitGo secures MiCA license in Germany
Ethereum Explodes to $2,600, Surpassing the Market Valuations of Coca-Cola and Alibaba
SEC Chair Paul Atkins unveils his vision for crypto regulation as the agency charts a friendlier approach to digital assets
Coinbase's SEC Documents Reveal NY Attorney General Wanted ETH Declared Security
Bhutan launches crypto payment system for tourism with Binance Pay
Robinhood plans blockchain platform to allow trading of US securities in Europe: Bloomberg
Bad news for Bitcoin: Strategic BTC reserve plans postponed in Florida
Cryptocurrency References in SEC Files Explode to New All-Time High
Tokenized Treasuries Hit Record $4.2B Market Cap as Crypto Correction Fuels Growth
Maximizing BNB Utility on Binance: A Guide to the Benefits
FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund’s collapse
Binance recognized by Indonesian cybercrime directorate for collaborative efforts
It's the first institutional investment in the crypto exchange and the investment was made in an unnamed stablecoin, Binance said.
US CPI Inflation Drops to 2.8%: Is Bitcoin About to Explode Again?
Business founder on Binance France allegations: 'What is this madness?'
Indian authorities arrest alleged Garantex founder for US extradition
Trump’s crypto summit ‘not going to have anything on taxes’ — White House official
Bitcoin: USA could sell gold to finance its strategic BTC reserve
Lawmaker of Japanese LDP on crypto regulation: We will classify 'Crypto assets as a new asset class'
Tom Lee Predicts Market Bottom This Week, Still Sees Bitcoin Closing the Year at $150K
IMF deal to ban public sector ‘Bitcoin accumulation’ in El Salvador
Bitcoin: Michael Saylor's company pauses BTC purchases
Head of law enforcement training at Binance: We need 'a unified approach between law enforcement and industry leaders'
Bitcoin Sell-Off Could Be a Textbook 'Breakout and Retest' Play: Godbole
CEO of Binance on crypto market turbulence: 'A tactical retreat, not a reversal'
Bybit hack forensics show SafeWallet compromise led to stolen funds
Bitcoin News: U.S. Spot Bitcoin ETFs See Record Single-Day Outflow of Over $900M as Carry Trades Yield Less Than the 10-Year Treasury Note
How DeFAI can scale safely in the age of AI
BaFin announces warning on unauthorized services by topcoinmarkt.de
Web3/Crypto
Webp branson2
Mark Bran­son, president of BaFin | BaFin

The Federal Financial Supervisory Authority (BaFin) has issued a warning against the website topcoinmarkt.de, citing unauthorized financial, investment, and crypto-security services. This announcement was made in a news release on February 18, 2025.

According to BaFin, the operator of topcoinmarkt.de is offering these services without proper authorization. The website claims to be based in London and registered with both the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). BaFin notes that it has previously warned against similar websites with nearly identical content. Offering such services in Germany without BaFin approval is illegal, and individuals can verify a company's authorization through BaFin's database.

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. This framework supports secure and compliant market operations aligned 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 ranks Binance as Europe's safest licensed cryptocurrency exchange due to its regulation in multiple European countries, AES-256 encryption, and the Secure Asset Fund for Users (SAFU) program for user protection. Coinbase follows in second place 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 oversees the stability and integrity of Germany's financial system. It supervises banks, financial services institutions, payment institutions, e-money institutions, insurers, asset managers, among others. Its responsibilities include solvency supervision, ensuring fair market conditions through market supervision, and preventing misuse for money laundering or terrorist financing.

Organizations Included in this History
More News

The Financial Conduct Authority (FCA) has issued a warning regarding Codex Finance, which is allegedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Dragonfly Capital Fx, which is reportedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Comisión Nacional del Mercado de Valores (CNMV) has announced that it has informed the European Securities and Markets Authority (ESMA) of its adoption of five MiCA Regulation development guidelines.

May 22, 2025

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding the website turbon.co.

May 21, 2025

The Financial Conduct Authority (FCA) has announced its intention to seek feedback on proposed regulations for cryptoasset trading platforms.

May 17, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Wealth-Wise, which is suspected of promoting financial services without proper authorization in the United Kingdom.

May 17, 2025