🚨 Crypto giant Bitget investigated in Germany, investor warning Austria, banned in France. Football star Lionell Messi probably NOT AMUSED: German BaFin investigates Bitget and warns against their offers, FMA Finanzmarktaufsicht Österreich has issued a warning earlier this year. According to the findings of several EU authorities, Bitget offers financial services on its website bitget.com without permission.
POSITIVE EXAMPLES:Other exchanges, like Bitpanda and BISON App invest millions of Euro to fulfil legal requirements. Europe's local hero, crypto exchange Bitpanda is fully licensed in Austria, with licences in many other EU countries. Also, US exchange Coinbase is licensed in Germany. Therefore, it is damaging and harmful if exchanges like Bitget operate in the grey zone and obviously, according to BaFin and FMA illegally.
Bitget is also banned in France. In November 2023, the Autorité des marchés financiers (AMF) – France blacklisted Bitget for operating without the mandatory registration as a Digital Asset Service Provider (DASP). The AMF emphasized that Bitget is unauthorized to offer digital asset services in France and warned investors to exercise caution. 🦋