Germany’s Financial Authority Warns Crypto Asset Investors Against PlatinCoin

2018-12-1 20:13

History repeats itself, so another crypto company has been targeted by a financial authority. This time, the authority is not from the U. S. or Southeast Asia, the two places in which this is more common, but from Europe.

The Federal Financial Supervisory Authority (BaFin) of Germany has recently decided to warn investors against a new crypto company called Platin Genesis DMC, offering tokens called PlatinCoin. The company offers crypto products which include a blockchain wallet and the token but it is not compliant with the regulation from Germany at all.

This company is based in Zug, in Switzerland, but it is operating under the brand PlatinCoin in the country.

BaFin made an official statement in which it said that investors from the country should avoid at all costs investing in this company and also always taking care when investing. According to them, citizens would need to verify all the ID details and the country in which the company was established before investing any money. Any company without a complete clear information about its ID should be ignored.

The German authority has been having a lot of work lately as it enforces compliance with its rules and regulations. The agency is looking to track all illegal companies acting in the country and finding ways to warn investors about them so that their wealth is not robbed by any scammer or that they lose it in plainly bad investments.

BaFin has certainly been very wary of the new crypto industry and the ICOs that are being made. It has been constantly warning investors against them and talking about their associated risks when you invest in Bitcoin or other cryptos.

Germany And Crypto Regulation

Germany is one of the countries in Europe that takes the regulation of crypto assets more seriously and can be considered one of the leaders in this field. Its officials are making an effort to curb the illegal ICO market and to give people regulated options so that only illegality is curbed and not innovation as well.

During a recent G20 summit in Argentina, Germany paired with France, another pro-crypto country, to push for a wide Bitcoin regulatory framework and legislation for the G20 countries.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 4.67 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0050155 (-100%)

authority financial germany crypto investors against europe

Èñòî÷íèê: bitcoinexchangeguide.com

authority financial → Ðåçóëüòàòîâ: 126


Ôîòî:

UK: FCA Investigations Into Crypto Businesses Have Doubled Since May

FCA (Financial Conduct Authority), UK’s Financial watchdog, has doubled the number of investigations into cryptocurrency companies to 50 since May 2018. FCA Increasingly Looking at Crypto Firms According to Top Ten accountancy firm, Moore Stephens, the Financial Conduct Authority (FCA), has doubled the number of investigations into crypto related businesses in the UK since May of this year.

2018-11-28 22:00


Financial Conduct Authority Increases Crypto Investigations to Eliminate Unsavory Businesses

Bitcoin’s price has been going down for quite some time, and this seems to coincide with the UK watchdog taking some action in the industry. According to data provided to Telegraph Money, the quantity that the Financial Conduct Authority has been investigating in the digital currency industry has doubled. In a Freedom of Information request, […]

2018-11-27 18:25


It’s stupid to buy Bitcoin from tobacco stores, says French regulator

The central bank of France and its local financial markets regulator,ncies are often unregulated and, generally, not well-suited for uninformed investors. “[In light of recent announcements to offer cryptocurrency coupons in tobacco stores,] the AMF, the Bank of France, and the French Prudential Supervision and Resolution Authority warn that the acts of purchasing, selling, and investing in Bitcoin are currently… This story continues at The Next WebOr just read more coverage about: Bitcoin

2018-11-26 17:07


Ôîòî:

Regulators are hunting dodgy cryptocurrency firms on UK’s Wall Street

It’s not just US regulators intent on cleaning up the blockchain industry. In the UK, financial regulators are closing in on more dodgy cryptocurrency businesses than ever before. In fact, since May, the UK’s Financial Conduct Authority (FCA) has lodged 26 inquiries with firms it suspected to be operating within financial services sector without permission, reports the Telegraph.

2018-11-26 14:09


Ôîòî:

Spain: Financial Watchdog Intensifies Efforts to Make Cryptocurrency Holders Pay Tax

It may soon no longer be business as usual for bitcoin (BTC) and altcoins investors in Spain as the nation’s tax authority, the Agencia Estatal de Administracion Tributaria (AEAT), has reportedly identified at least 15,000 distributed ledger technology (DLT) based virtual currency holders and is now set to make them pay taxes, reported Finance Magnates on November 20, 2018.

2018-11-22 01:00


Ôîòî:

Swiss Regulator: Crypto Assets Need 800% Risk Weighting In Absence Of Formal Rules

Swiss financial regulator has informally signaled cryptocurrency investments should have a risk weighting ratio of 800 percent of the original amount. FINMA Highlights Bank, Dealer Queries According to local news media outlet Swissinfo, the Swiss Financial Market Supervisory Authority (FINMA) revealed the figure in October in response to a query by trustee and accountant association EXPERTsuisse.

2018-11-5 19:00


Ôîòî:

Brazil’s Tax Authority Goes After Cryptocurrency Profits

Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […] The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.

2018-11-3 13:00


Ôîòî:

Experts Criticize UK MPs for Their New Proposal on Crypto Regulation

The UK MPs have fallen out of favor with crypto experts after proposing a new regulation that would see the Financial Conduct Authority (FCA) cracking down on illegal cryptocurrency activities. Some experts have weighed in on the latest developments claiming that it could damage the crypto industry and drive cryptocurrency exchanges out of the country, reported […] Experts Criticize UK MPs for Their New Proposal on Crypto Regulation was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-1 21:29


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Maker whale activity surges by 1400% - Time for MKR's price to break out?

Large transaction volumes for Maker rose by over 1,400% in just two days  Despite rising whale activity, technical indicators and on-chain metrics flashed mixed signals for MKR  Maker (MKRThe post Maker whale activity surges by 1400% - Time for MKR's price to break out? appeared first on AMBCrypto.

Is Ethereum set to outperform Bitcoin? Key data suggests...

Analysts predicted that Ethereum could outperform Bitcoin due to key indicators. Ethereum spot ETF inflows and ascending price channels indicated potential price targets up to $10,000. EtherThe post Is Ethereum set to outperform Bitcoin? Key data suggests... appeared first on AMBCrypto.

QNT's latest breakout can push altcoin's price to THIS level...

QNT's breakout from its descending trendline and bullish indicators signaled potential gains to $229 On-chain metrics and declining exchange reserves highlighted growing demand and reduced sellThe post QNT's latest breakout can push altcoin's price to THIS level... appeared first on AMBCrypto.

XRP's $1 at risk? As trading volume drops 77%, concerns rise

XRP's $1 milestone seemed uncertain, as daily active addresses declined significantly. Ripple's trading volume dropped from almost $3 billion to around $207 million. After months of consolidThe post XRP's $1 at risk? As trading volume drops 77%, concerns rise appeared first on AMBCrypto.

NEAR rallies 12% in 7 days: Is $8 on the cards?

NEAR traded at $5.79 at press time, gaining 12% in seven days with $712M daily trading volume and $7B market cap. Futures Open Interest dropped 5% while TVL hit $260M, signaling steady ecosysteThe post NEAR rallies 12% in 7 days: Is $8 on the cards? appeared first on AMBCrypto.

TRON's USDT dominance - Here's what that means for TRX's price

TRX recorded gains of over 26.17% in the last 30 days TRON's USDT weekly volume surpassed 150 billion - A sign of strong adoption TRON, at the time of writing, was valued at $0.1986 with a mThe post TRON's USDT dominance - Here's what that means for TRX's price appeared first on AMBCrypto.

CVX crypto soars 20% in 24 hours - Is $5 the next target?

CVX crypto pumped 83% on the 19th of November; will the uptrend continue?  A notable whale could have triggered the wild upswing, per an analytics firm.  Convex Finance’s native token, CThe post CVX crypto soars 20% in 24 hours - Is $5 the next target? appeared first on AMBCrypto.