BaFin announces warning on unauthorized crpto services by tradesvisions.co

Home
»
Stories
»
2025
»
April

CRYPTO NEWS AROUND THE GLOBE

Binance marks 21st global regulatory milestone with authorization in Brazil

Crypto and Stock Market: what not to miss for the week of January 6 to 12

French regulator authorizes crypto operations for BPCE subsidiary

Dutch Regulator AFM Awards EU MiCA License to 4 Companies

MiCA can attract more crypto investment despite overregulation concerns

Crypto Youtuber on Chokepoint 2.0: I got 'denied from opening a bank account'

Expert accuses BlackRock of manipulating Bitcoin price

Centralization and the authoritarian threat to privacy — Web3 exec

MicroStrategy Buys Another 2,138 Bitcoin, Adding to Holdings for an 8th Straight Week

EU crypto regulation MiCA comes fully into force

Russia enforces a six-year ban on cryptocurrency mining across ten regions

Bitcoin Kimchi Premium Spikes as South Korea's Political Turmoil Escalates

Artificial Intelligence: Bitcoin at $1 million in 2030 if these 3 conditions are met

Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi

EU silence does not make USDT MiCA-compliant, says exec

BlackRock: A fantastic year thanks to its Bitcoin ETF

Record $14B Bitcoin Options Expiry Looms as Market Looks Highly Levered-Up

Decentralized Finance: A Sector Poised for New Heights in 2025?

Yat Siu X account breach likely part of a string of recent hacks: ZachXBT

Coinbase CLO shares data on crypto hedge funds debanking, demands for answers

Bybit to disable logins for Malaysian users starting December 24

MicroStrategy bags 5.2K Bitcoin at average BTC price of $106K

BlackRock: the financial giant wants to support stablecoins

One year after the halving: Q1, the catalyst for the explosion of the altcoin market?

Metaplanet Picks Up Record 620 Bitcoin as XRP Leads Market Slide

Binance and Circle announce strategic partnership to advance USDC adoption and crypto innovation

CATO Policy Analyst: Operation Choke Point 2.0 ‘has undermined many of the people trying to work and innovate’

SEC Approves First Crypto Index ETFs Combining Bitcoin and Ethereum

Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto

DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off

All Crypto News Around The Globe

BaFin announces warning on unauthorized crpto services by tradesvisions.co

Web3/Crypto

Mark Branson, president of BaFin | BaFin

By Crypto Republique

Apr 12, 2025

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.

Get the Newsletter

Sign-up to receive weekly round up of news from Crypto Republique

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, licensing by BaFin in Germany, and 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, the Federal Financial Supervisory Authority of Germany, 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. BaFin’s responsibilities include solvency supervision, market supervision to ensure fair and transparent conditions, and preventing misuse for money laundering or terrorist financing, according to BaFin.