BaFin announces warning on Aktien Network over unauthorized crypto services

The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding Aktien Network, which is reportedly offering financial, investment, and crypto asset services without the necessary authorization. This announcement was made in a news release on March 13, 2025.

According to BaFin, Aktien Network appears to be providing these services through its website aktiennetwork.net without proper authorization. In Germany, such activities require approval from BaFin. The authority advises consumers to check its company database to verify the authorization status of any service provider. The warning is based on provisions of the German Banking Act and the Crypto Markets 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 and maintain robust systems to ensure transparent practices within the sector. This framework aims to support secure and compliant market operations in alignment with EU standards.

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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 takes second place with 98% of assets held offline and licensing by BaFin in Germany alongside advanced security protocols. 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. Its responsibilities include solvency supervision, market supervision to ensure fair and transparent conditions, and preventing misuse for money laundering or terrorist financing.