The Federal Financial Supervisory Authority (BaFin) has issued a warning concerning Heiz Analytics, alleging that the entity is offering financial, investment, and crypto asset services without the necessary authorization. This announcement was made in a news release on March 13, 2025.
According to BaFin, Heiz Analytics claims to operate from Munich and is suspected of providing unauthorized financial services through its website heiz-analytics.com. The operators reportedly reference oversight by a non-existent European Financial Supervisory Authority. BaFin stressed that offering such services in Germany requires its approval and advised consumers to verify entities using its company database. This notice is grounded in the German Banking Act and the German Crypto Markets Supervision Act.
The German Crypto Markets Supervision Act (KMAG), effective December 27, 2024, introduces regulatory measures for overseeing crypto markets in Germany. It emphasizes market transparency, operational resilience, and compliance with European crypto regulations. The KMAG mandates that crypto service providers secure licenses and maintain robust systems to ensure transparent practices within the sector.
Blockpit's analysis of Europe's safest licensed cryptocurrency exchanges ranks Binance first due to its regulation across multiple European countries, AES-256 encryption, and the Secure Asset Fund for Users (SAFU) program for user protection. Coinbase ranks second with 98% of assets held offline and licensing by BaFin in Germany. Kraken follows in third place with 95% of assets stored in cold wallets while adhering to EU regulations.
BaFin supervises the stability and integrity of Germany's financial system. Its responsibilities include overseeing banks, financial services institutions, payment institutions, e-money institutions, insurers, asset managers, among others. BaFin ensures solvency supervision and market fairness while preventing misuse for money laundering or terrorist financing.