In accordance with Section 37 (4) of the German Banking Act (KWG), BaFin clarifies that the unknown operators of the now inactive online trading platform are not permitted under the KWG to conduct banking transactions or provide financial services. The operating company is not subject to the supervision of BaFin.

Copyright: Federal Financial Supervisory Authority / – (22.11.2021)

AXC0223 2021-11-22/15:55

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