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The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding the website tradesvisions.co, which is offering financial, investment, and crypto asset services without the necessary authorization. This announcement was made in a news release on March 25, 2025.
According to BaFin, the website tradesvisions.co is operated by TradesVisions Ltd. from the British Virgin Islands and the UK. It offers financial, investment, and crypto services without proper authorization. The site uses the name EquityGeneralEU but does not disclose a legal company form or address. BaFin noted similarities to other recently flagged websites and emphasized that financial and crypto services in Germany require authorization, which can be verified in BaFin’s company database.
The German Crypto Markets Supervision Act (KMAG), effective 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 requires crypto service providers to secure licenses, maintain robust systems, and ensure transparent practices within the crypto sector. The framework supports secure and compliant market operations in alignment with EU standards.
