Regulation· ★★★· neutral·

BaFin warns about 38 websites offering unlicensed crypto services

  • —BaFin named 38 websites, including coravelis.com, jorvaki.com and levorelio.com
  • —The sites lack a valid imprint and are not supervised by BaFin
  • —User data from contact forms is forwarded to unlicensed trading platform operators
  • —The warning is based on Section 10(7) of Germany's KMAG crypto supervision law
Why it matters: EU regulators are stepping up enforcement against fraudulent crypto platforms, reducing risks for retail investors.
Source: Block-Builders
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