The Federal Financial Supervisory Authority (BaFin) once more pointed to a suspicion in opposition to EXW Global. Accordingly, it’s suspected that the corporate is offering fee companies on this nation with out permission.
BaFin factors out in a present press launch level out that neither Vivaexchange ÖU nor EXW Global Co. Ltd. on this nation has the permission to supply fee companies. On its web site ex-wallet.com the Vivaexchange ÖU advertises “among other things for the trade in digital currencies via its trading platform as well as the issuing of credit cards and the implementation of a PoS payment system”, it says.
Since the corporate registered in Estonia additionally has a Chief Sales Officer on this nation, there’s a suspicion that Vivaexchange ÖU or EXW Global Co. Ltd. present "unauthorized payment services in Germany" with the EXW Wallet. A suspicion that the monetary regulator shouldn’t be expressing for the primary time.
Because a few 12 months in the past BTC-ECHO reported on the suspicion of fraud on the a part of the German monetary companies regulator (BaFin) and its Austrian counterpart (FMA) in opposition to EXW Global AG and its EXW Wallet. When the corporate modified its imprint to Vivaexchange ÖU slightly later, BaFin and FMA issued investor warnings on this too. Previously, the crypto firm marketed on its web site in damaged German that you possibly can purchase the EXW token "and if you hold it, you get a daily bonus" (sic!).
Even today, the corporate, whose headquarters are typically in Thailand, typically in Liechtenstein and typically in Estonia, advertises with a safe surroundings for digital and fiat currencies. In questionable English, it’s nonetheless identified that the builders would make investments “their heart and hard work” every single day so as to assure customers the absolute best expertise. Those who’ve truly opened an EXW pockets complain on on-line overview websites like Trustpilot. Biggest level of criticism: The funds will not be paid out.