BaFin warns over three unlicensed crypto and financial sites
- —BaFin flagged kalyptowave.net under § 10(7) of the Crypto Markets Supervision Act
- —captrader.group impersonated CapTrader GmbH with no connection to the real firm
- —mraib.com offered banking services without a license under § 37(4) of the KWG
- —None of the three operators is supervised by BaFin
Why it matters: The warning underscores the need to verify a provider's license in BaFin's database before depositing funds, as a familiar brand name proves nothing.
Source: Block-Builders