BaFin Warns Consumers About panda-financial.com

BaFin News & Warnings

Filed March 24th, 2026

Detected March 24th, 2026

Summary

BaFin has issued a warning to consumers regarding the website panda-financial.com, stating that its operators are offering banking, financial, and cryptoasset services without the required authorization. The warning emphasizes that these services require BaFin authorization to be offered legally in Germany.

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What changed

The Federal Financial Supervisory Authority (BaFin) has issued a warning concerning the website panda-financial.com. BaFin has received information indicating that the operators of this website are engaging in banking business, financial services, and cryptoasset services without possessing the necessary authorization from BaFin. These operations are not supervised by BaFin and are distinct from the licensed entity Bitpanda Financial Services GmbH.

BaFin advises consumers to exercise extreme caution when considering online investments and to conduct thorough research to identify potential fraud. 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 can verify if a company is authorized by BaFin through its public database.

What to do next

Verify authorization status of financial service providers through BaFin's database before engaging services.
Exercise extreme caution with online investment platforms and conduct thorough due diligence.

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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