Software and Media LTD, Majuro, Marshall Islands, operates the trading platform www.boxinvesting.com for shares and crypto currencies. In this context, the company accepts funds from others as deposits or other un-conditionally repayable funds from the public.
Software and Media LTD is thereby conducting deposit business without the required authorisation from BaFin.
On 9 April 2020, BaFin prohibited Software and Media LTD from continu-ing to provide this type of business in Germany and ordered that the un-authorised business be wound up without undue delay.
By law, the order is immediately enforceable and has meanwhile become final.