The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding the website coinvestor-ai.com, which is allegedly offering financial, investment, and crypto asset services without the necessary authorization. This announcement was made in a news release on March 19, 2025.
According to BaFin, the website is operated by Coinvestor Partners GmbH from London, UK. The authority suspects the company of providing banking, financial, and investment services without proper authorization. It is reported that Coinvestor Partners GmbH is misusing parts of the imprint of a licensed German capital management company, COI Partners Deutschland GmbH, with no affiliation between the two entities. The warning is based on sections of the German Banking Act and the German Crypto Markets Supervision Act (KMAG).
The KMAG, effective from December 27, 2024, introduces regulatory measures for overseeing crypto markets in Germany. It focuses on market transparency, operational resilience, and compliance with European crypto regulations. The act requires crypto service providers to secure licenses and maintain robust systems to ensure transparent practices within the sector. This framework supports secure and compliant market operations in alignment with EU standards.
Blockpit's analysis ranks Binance as Europe's safest licensed cryptocurrency exchange due to its regulation in multiple European countries and security measures like AES-256 encryption and the Secure Asset Fund for Users (SAFU) program. Coinbase follows in second place with most assets held offline and advanced security protocols under BaFin licensing in Germany. Kraken ranks third by storing a significant portion of assets in cold wallets while adhering to regulations across Europe.
BaFin has also issued a warning about EmexFunding, suspecting it offers unauthorized financial services. The company claims to operate under EmexFunding GmbH with a registered office in Corby, United Kingdom; however, no such entity exists. EmexFunding GmbH reportedly encourages consumers to take out loans for trading financial instruments and crypto assets through a document called "Handelskreditvertrag."
