Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English
The Federal Financial Supervisory Authority (BaFin) warns consumers about the website investi-ray.com. According to information available to BaFin, financial and investment services are being provided on these websites without the required authorisation. The company is not supervised by BaFin.
The operator claims to be supervised by “Crypto Assets Control”, which is not an official financial market authority. Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. Crypto Assets Control does not have the power to grant such authorisation.
Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.
Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.