BaFin, Germany’s Federal Financial Supervisory Authority, has issued a formal warning against the website 37mh.com for offering cryptocurrency asset services without the required authorization. The platform lacks a valid imprint and falsely claims to be regulated by BaFin, according to the regulator’s statement issued on February 9, 2026.
- Location: Germany
- Violation: Unauthorized crypto-asset service provision
- Regulatory Basis: German Cryptomarkets Supervision Act (KMAG), Section 10(7)
- False Claim: Website claims BaFin regulation without authorization
Under German law, any company providing crypto-asset services domestically must obtain prior authorization from BaFin. The regulator maintains a public database where consumers can verify whether firms hold valid licenses. 37mh.com does not appear in this registry and operates in violation of applicable regulations.
BaFin, alongside the German Federal Criminal Police Office and state criminal police authorities, has emphasized the rising threat of internet-based financial fraud. Prospective investors are urged to conduct thorough due diligence before committing funds online and to verify company authorization status through official channels. The regulator maintains a dedicated section on its website listing current warnings about unauthorized financial service providers and offering fraud prevention guidance.
Consumers who suspect fraudulent activity or wish to report suspicious platforms are encouraged to contact BaFin directly through its official contact mechanisms. The warning underscores ongoing enforcement efforts to protect German financial market participants from unregulated service providers operating in the cryptocurrency sector.
