Regulation· ★★★· bearish·

BaFin warns of forged EBA register and unauthorised crypto services

  • —BaFin: the register on the site "is not an official EBA register and appears to be forged"
  • —The genuine EBA directory, Euclid, sits at euclid.eba.europa.eu
  • —No credit institution named Vantex Bank exists in Germany or France
  • —BaFin issued 13 unauthorised-business warnings from Sept 29 to Oct 9; 7 involved crypto assets
Why it matters: The scheme undermines licence verification itself: investors must now confirm that the register they consult is genuine, not just the provider.
Source: CryptoTicker
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