BaFin warns over two unlicensed crypto and financial websites
- —BaFin suspects primefincompany.com of unlicensed financial and crypto services
- —The site falsely claims ties to Prime Finance LTD of Harlow, England
- —graziamanagement.com misuses the name of Grazia Capital Management GmbH
- —Warnings cite Section 37 of the Banking Act and crypto supervision rules
Why it matters: The regulator urges investors to verify licenses in BaFin's database, as scammers impersonate established firms to lure deposits.
Source: Block-Builders