Germany’s financial markets regulator BaFin has warned that cryptocurrency exchange MEXC is operating without authorization and legal registration.
BaFin Tuesday, October 17 warned cryptocurrency users in the country against the cryptocurrency exchange MEXC. The institution ensures that MEXC’s activities BaFin While stating that it was not authorized by the company, he stated that one should be careful about possible risks. The institution’s target is to provide services offered by MEXC. cryptocurrency transaction services And cryptocurrency storage services were included.
In the statement made cryptocurrency services It was stated that BaFin approval is required to be offered in Germany:
In order to provide financial services in Germany, the company providing these services must obtain the necessary permission from BaFin.
BaFin to Coinbase in 2022 operational shortcomings He had warned because of this. On the other hand, the world’s largest cryptocurrency exchange on Binance In Germany after receiving a veto from BaFin cryptocurrency custody service He withdrew his application for a license to grant
Last April Japan Financial Services Agencyhad warned, stating that MEXC Global was operating in the country without the necessary registration.