German Federation Delivers Warning Against Crypto Firm
Independent German regulatory institutions, Federal Financial Supervisory Authority (BaFin) red flagged the activities of Platincoin. The company is accused of issuing cryptocurrency products without following financial regulations. This speaks volume of Germany’s efficiency in the assessment and regulations of the nascent sector.
On friday, an independent German regulatory institution, the Federal Financial Supervisory Authority (BaFin) red-flagged the activities of Platin Genesis DMCC. It negated legislations while offering cryptocurrency products, like blockchain wallet and registered coin on Coinmarketcap.
The Zug-based company, operates under the brand PlatinCoin. It also transacts blockchain wallet and registered coins on Coinmarketcap.
Security agency in top gear
The warning is another display of the top notch security system in Germany. The German watchdog have stepped up their game and are going after all illegal cryptocurrency brokers. The Federal Financial Supervisory…