BaFin published twelve consumer notices on unauthorised business between September 2 and September 11, 2026. Five of them explicitly name crypto-asset services, and five of the twelve appeared on a single day, September 11. If a trading platform reached you through an advertisement, a chat group or a direct message, you can check for yourself in about three minutes whether that provider is allowed to operate in Germany at all. This article shows how, and sets out what the twelve notices actually say.

A BaFin warning is an official notice issued under the German Banking Act and the Crypto Markets Supervision Act. Its core message is almost always the same: the regulator has findings, or a suspicion, that a provider is conducting…