German Regulator Warns Consumers About MEXC's Crypto Custody

1 year ago

Germany’s Federal Financial Supervisory Authority (BaFin) warned consumers astir the MEXC speech offering fiscal services connected its website without the required authorization on Tuesday.

MEXC’s crypto custody services request to beryllium authorized with BaFin. “Financial services whitethorn lone beryllium offered successful Germany if the institution providing these services has the indispensable authorization from BaFin to bash this,” the regulator said connected its website.

MEXC has besides received a informing from different regulator. In April, Japan’s Financial Services Agency said successful a informing missive that MEXC Global had been operating successful the state without the indispensable registration.

Edited by Parikshit Mishra.

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