Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English
BaFin warns customers about online trading platforms that use the slogan “Trading made simple. No complications, full effectivity.” According to information available to BaFin, cryptoasset and other financial services are being provided on these websites without the required authorisation. These websites all have the same text design and layout.
BaFin specifically warns consumers about the following websites that are part of the series, use the same slogan and are largely identical. These websites provide no information about the location of any registered office.
- Radiantix.io (and radiantixx.io)
- Yuminex.io
- Ecofix.io
Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.
BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomaerkteaufsichtsgesetz).
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.