BaFin Warns Consumers About Unauthorized Services on panda-financial.com

BaFin News

Published March 19th, 2026

Detected March 24th, 2026

Summary

BaFin has issued a warning regarding the website panda-financial.com, stating that its operators are offering banking, financial, and cryptoasset services without the required authorization. Consumers are advised to exercise extreme caution when investing online.

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What changed

The German Federal Financial Supervisory Authority (BaFin) has issued a consumer warning concerning the website panda-financial.com. BaFin has received information indicating that the operators of this website are conducting banking business, offering financial services, and providing cryptoasset services without the necessary authorization from BaFin. These operators are not supervised by BaFin and have no affiliation with the licensed entity Bitpanda Financial Services GmbH. The warning is issued under Section 37 (4) of the German Banking Act (KWG) and Section 10 (7) of the German Cryptomarkets Supervision Act (KMAG).

Consumers seeking to invest online are strongly advised by BaFin, the German Federal Criminal Police Office (BKA), and state criminal police offices to exercise extreme caution and conduct thorough research to identify potential fraud attempts. BaFin maintains a database of authorized companies, which consumers can consult to verify a company's licensing status. This notice serves to alert the public to potential unauthorized financial activities and to encourage due diligence.

What to do next

Consumers should exercise extreme caution and conduct thorough research before investing online.
Verify company authorization status using BaFin's database of companies.

Source document (simplified)

Erscheinung: 24.03.2026 | Topic Unauthorised business, Consumer protection BaFin warns consumers about the website panda-financial.com

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website panda-financial.com. BaFin has information that the operators are offering banking business and/or financial services as well as cryptoasset services on this website without the required authorisation. The operators of the website are not supervised by BaFin and have no connection to the licensed institution Bitpanda Financial Services GmbH.

Banking business, financial services and cryptoasset services may only be offered in Germany with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin ’s database of companies.

BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz – KMAG).

Please be aware:

BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

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