German regulators warn consumers about MEXC's cryptocurrency custody

ChainCatcher news, the Federal Financial Supervisory Authority of Germany (BaFin) warns consumers that the MEXC exchange is offering financial services on its website without the necessary authorization. MEXC's cryptocurrency custody services require authorization from BaFin. The regulator stated on its website, "Only companies that have obtained the necessary authorization from BaFin can provide financial services in Germany." Previously, MEXC also received a warning from the Financial Services Agency of Japan in April.