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The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning concerning Interactive Assets, a company allegedly offering unauthorized crypto and financial services through new websites. This announcement was made in a news release on March 3, 2025.
According to BaFin, the websites interactiveassets.site and interactiveassets.top are suspected of providing unauthorized financial, investment, and cryptoasset services. The operators of these sites are reportedly misrepresenting affiliations with Baden-Württembergische Wertpapierbörse GmbH and Börse Stuttgart GmbH, while also falsely claiming supervision by BaFin. The warning is issued under the German Banking Act and Cryptomarkets Supervision Act to alert consumers about potential identity fraud and unauthorized financial activities.
The German Crypto Markets Supervision Act (KMAG), effective from 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 aims to support secure and compliant market operations in alignment with EU standards.
