Regulation· ★★· neutral·

BaFin warns against three websites offering crypto services without a license

  • —de-capitalus.com offers crypto services without a license and impersonates two Australian firms
  • —Alternatives Broker collects investor funds via an account of STil-eConcept UG, which BaFin has ordered to cease business
  • —helfensteinadvisory.com misuses the identity of Switzerland-based Helfenstein Management AG
  • —The warnings cite Section 37 (4) of the Banking Act and Section 10 (7) of the Crypto Markets Supervision Act
Why it matters: Germany's regulator keeps cracking down on unlicensed crypto platforms, reducing risks for retail investors in the EU.
Source: Block-Builders
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