BaFin News: The operator of the adxs.exchange website is not an authorized institution under section 32 of the KWG

FRANKFURT (BaFin) –

BaFin points out that the operator of the adxs.exchange website, adxs.exchange UK Ltd, with an alleged business address in London, United Kingdom, does not have a license under Section 32 of the German Banking Act (KWG) to conduct banking business or provide financial services in Germany owns. The company is not supervised by BaFin.

Copyright: Federal Financial Supervisory Authority / www.bafin.de – (01/27/2022)

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