Passivo is below regulatory investigation by BaFin, Germany’s high monetary regulator.
As per an August ninth fraud warning, BaFin advises that Passivo is providing
banking and monetary providers with out permission.
Particularly, it gives the administration of buyer property in crypto property.
That is the equal of a securities fraud warning in different jurisdictions.
In mild of Passivo commiting securities fraud in Germany, BaFin advises it’s below investigation.
Passivo is a Dubai-based MLM crypto Ponzi headed up by German nationwide Jan Lubberding.
In an try to cover its connection to Dubai, Passivo pretends it’s primarily based out of Seychelles.