if Basketball courtsa spot with Matt Damon or more recently Formula 1trading platform Crypto.com It caused a worldwide sensation with its large-scale advertising campaigns in recent months. According to the company, 10 million users from 150 countries use the app to buy and sell Bitcoin and Co. But now there may be official problems for Crypto.com in Germany and Austria.
Crypto.com It is based in Singapore. The trading platform has also been granted a license to operate cryptocurrency in Malta. This is valid throughout the European Union. However, German law states that a company must obtain an additional license for advertising and customer acquisition actions in Germany. Crypto.com is said to have a collaboration with the German investment firm property rights in CM Strive for. Crypto.com would have been allowed to operate in Germany under the license and mediation of the Munich company. To be more precise: Strictly speaking, all German clients of Crypto.com must be listed as clients of Cm Equity. However, apparently, this partnership did not materialize for long. Crypto.com would have been practicing illegally in Germany.
As requested by BTC-ECHO, the Federal Financial Supervisory Authority (BaFin) has confirmed that it is aware of the allegations against the trading platform. “We are currently studying the matter,” a spokeswoman said.
The fact that there is something in the license is also confirmed Current job posting From Crypto.com. The company is looking for a “compliance manager” in Germany – that is, a boss to “follow the rules”. Among other things, this should support the crypto platform “in obtaining the appropriate licenses to conduct regulated transactions in Germany.”
According to media reports, Crypto.com is also having trouble in Austria. Registration with the Financial Market Authority (FMA), which is urgently required to comply with a directive to prevent money laundering, would be missing there. FMA has reportedly already begun investigating. At the time of going to press, BTC-ECHO had not received any information in response to a request in this regard.
South Park recently mocked the app’s commercial
As part of its aggressive marketing strategy, Crypto.com managed to win Hollywood star Matt Damon in a commercial. “Fortune favors the brave” – in English: “Fortune helps the brave” was the motto.
The makers of the iconic satirical cartoon South Park Now used the site to launch an attack against cryptocurrency in the first episode of the final season (first aired Feb 2nd). After Eric Cartman’s character recites the ad’s slogan in front of his classmates, the response he receives is “My dad said he listened to Matt Damon and lost all his money.” South Park He previously discussed cryptocurrencies critically.
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