German Watchdog Warns Public About Alleged Hiring by Crypto Exchange CoinBene

Financial regulator BaFin has warned that cryptocurrency exchange CoinBene is not properly registered or licensed in Germany. The Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, has issued a public warning about cryptocurrency exchange CoinBene on May 28. The watchdog says that CoinBene has been recruiting freelance crypto traders who get paid on commission. BaFin states that since crypto assets are financial instruments, trading them requires authorization under Germany’s Banking Act, or Kreditwesengesetz (KWG). BaFin states that CoinBene is not listed in Germany’s commercial register and has […]
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