Germany’s BaFin Orders Crypto Firm to Cease Operations

[kreslik.news]

The Federal Financial Supervisory Authority (BaFin), an independent German regulatory institution, today red-flagged the activities of Crypto-Capitals, a company that appears to be offering cryptocurrency-focused trading products, including CFDs, in Germany without complying with its financial legislation.

This warning is yet another case in which the German watchdog seems to have ‎stepped up their game and gone after illegal cryptocurrency brokers.

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BaFin has also advised the public to always verify the company’s identity (identity details, country of establishment, etc.) and to never trust a company if it cannot be clearly identified.

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