BaFin issues nine warnings in four days, five cite crypto supervision law
- —BaFin issued 9 warnings in 4 days, 5 on crypto-asset services
- —Five notices cite section 10(7) of the KMAG
- —KMAG, dated December 27, 2024, implements MiCA in Germany
- —In the bitbucks.space case, BaFin flagged identity misuse of Frank und Freunde GmbH
Why it matters: KMAG is now being used in consumer warnings, raising pressure on unlicensed crypto providers across the EU.
Source: CryptoTicker