Germanyfinancial regulator of BaFin, cryptocurrency exchange RtcoinHe stated that he did not have the authority to operate in the country.
In the turbulent period of the crypto industry, the progress of crypto exchanges is of great importance. FTX, which is called one of the largest crypto exchanges in the world, started a new era with its bankruptcy. In the new era in the crypto industry, exchanges transparency expected to comply with the principle. Especially Binance, proof of reserve He shed light on the beginning of this period with his system. In the increasing crypto adoption day by day, the role played by exchanges stands out. That’s why regulators and controllers work hard. Finally Germanyfinancial regulator of BaFincontinues its audits for crypto exchanges.
BaFin Announces No Confirmation of Activity About Rtcoin
financial regulator BaFin, Rtcointo carry out financial-related services in the country KWGstated that he did not create a record within the scope of Germanyof Bank Lawthe one which… KWGIt aims to guide organizations providing banking and financial services. GermanyCryptocurrency exchanges operating in Turkey are also within the scope of these regulations.
In today’s announcement, the crypto company BaFin It was underlined that it was not controlled by In addition, the regulator to justify that it is an unauthorized exchange. Rtcoin He pointed to ‘s website. On the exchange’s website, Cayman IslandsIt is alleged that it is registered in . and has a center of operations in four jurisdictions.
Moreover Rtcoin, United KingdomIt does not appear among companies registered or provisionally approved in .
