Quantcast

BaFin announces warning on LumiGain.io for unauthorised crypto services

Cours gratuits de Binance en France : éducation ou marketing illégal ? - Coins.fr
Les utilisateurs du Coinbase Wallet peuvent désormais s’envoyer de l’argent via des liens WhatsApp, TikTok et Instagram
Le géant IBM dévoile une nouvelle technologie pour les cold wallets de cryptomonnaies
Bitcoin dépasse Tesla et Berkshire Hathaway pour se hisser dans le top 10 des actifs du monde entier
SEC's Absence at Binance Settlement Announcement Raises Questions
Binance Tops PYMNTS' Provider Ranking of Crypto Wallets
Are Binance and France the newest couple in Crypto Town?
L’ETF BTC de BlackRock engrange 100 000 dollars, sans être approuvé - Coins.fr
Riot passe la plus grosse commande de mineurs BTC de son histoire - Coins.fr
Les hackers français du protocole DeFi Platypus relaxés - Coins.fr
Binance’s Top Executive Team to ‘Remain Intact,’ New CEO Says
Le FSB souhaite s'assurer que les règles pour les bourses crypto sont suffisantes - Coins.fr
Selon le célèbre Arthur Hayes, le traitement réservé à CZ et Binance par les USA est absurde
Les plans du nouveau PDG de Binance après le départ de CZ
Guerre anti-crypto : Binance.US traqué par la SEC
Binance menacée de fermer ? Ce nouvel élément déterminera tout
Columbia Business School Professor on Binance settlement: Major financial firms have been caught doing worse 'yet suffered much milder consequences’
Binance investit dans Open Campus, un protocole éducatif web3 - Coins.fr
“Il m’a royalement ignorée” : Christine Lagarde raconte la mésaventure crypto de son fils
Waltio lève 1,8 million d'euros, notamment auprès du Crédit Agricole
Bitcoin ETF Optimism Spurs Largest Asset Inflows Since Late 2021
New Binance CEO shares vision for crypto’s future
Waltio lève 1,8M€ pour simplifier la fiscalité crypto - Coins.fr
Fraudes aux crypto-actifs : KPMG et Chainalysis s’allient - Coins.fr
Agrément PSAN : le scepticisme des acteurs traditionnels
Binance settles with US regulators, CEO steps down as part of deal
Après la condamnation de Binance, les filiales sous pression
Binance Founder Changpeng Zhao Agrees to Step Down, Plead Guilty
Mastercard is making efforts to better detect crypto fraud with AI tie-up
US Seeks More than $4 Billion From Binance to End Criminal Case
BaFin announces warning on LumiGain.io for unauthorised crypto services
Web3/Crypto
Webp branson4
Mark Bran­son, president of BaFin | BaFin

The Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding the website lumigain.io, which is offering cryptoasset and financial services without the necessary authorization. This announcement was made in a news release on February 25, 2025.

According to BaFin, the website lumigain.io claims oversight by the Crypto Standards Commission, an organization that lacks authority to approve such services. BaFin clarified that the company is not under its supervision. In Germany, providing crypto and financial services requires authorization from BaFin. The agency's official database can verify whether a company holds such authorization. This warning is issued under sections 37 (4) of the German Banking Act and 10 (7) of the German Cryptomarkets Supervision Act.

The German Crypto Markets Supervision Act (KMAG), effective since December 27, 2024, introduces regulatory measures for overseeing crypto markets in Germany. It focuses on 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. The framework aims to support secure and compliant market operations in alignment 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 SAFU (Secure Asset Fund for Users) program for user protection. Coinbase ranks second with 98% of assets held offline, licensing by BaFin in Germany, and advanced security protocols. Kraken comes 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, and other related entities. Its responsibilities include solvency supervision and market supervision to ensure fair conditions while preventing misuse for money laundering or terrorist financing.

Organizations Included in this History
More News

From Bitcoin to Solana: Here’s how major cryptocurrencies moved today – March 17, 2025.

Mar 18, 2025

Susie Violet Ward, a bitcoin journalist and financial analyst, has criticized the UK Financial Conduct Authority's (FCA) cryptoasset policies, claiming they stifle innovation and drive bitcoin businesses offshore.

Mar 18, 2025

The Federal Financial Supervisory Authority (BaFin) has issued a warning concerning the website bitwelt.co, which is reportedly offering financial, investment, and crypto asset services without the required authorization.

Mar 18, 2025

The Federal Ministry of Finance of Germany has announced new guidelines on tax reporting and record-keeping for crypto assets, replacing its previous circular to clarify cooperation obligations and assessment procedures.

Mar 18, 2025

Georg Brameshuber, a cryptocurrency advisor, has expressed concerns over Germany's taxation policies on unclaimed staking rewards.

Mar 18, 2025

Tracking the latest price action across Bitcoin, Ethereum, Binance Coin, and more on March 16, 2025.

Mar 17, 2025