Erscheinung:03.01.2024 | Topic Unauthorised business, Consumer protection bitcoinminetrix.com: BaFin investigates the company Cloud Tech X23 Ltd.
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Cloud Tech X23 Ltd. and the services it is offering. BaFin has information that the company is providing financial services on its website bitcoinminetrix.com without the required authorisation. The company is not supervised by BaFin.
Anyone wishing to conduct banking business or provide financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information 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.
