BaFin has finalized its stop and desist order in opposition to Karatbars Worldwide.
BaFin, Germany’s prime monetary regulator, issued Karatbars with a stop and desist again in late 2019.
BaFin finalized the order on April twelfth ordering Karatbars, working as Karatbit Basis, a Belize shell firm,
to cease and wind up the digital cash enterprise Karatbit is conducting in Germany primarily based on the issuance of the “KaratGoldCoin” with out the mandatory licence.
Karatbars Worldwide and related corporations are owned and operated by Harald Seiz.
After a really public meltdown in late 2020, Seiz spent the primary half of 2021 repairing his broken popularity on social media.
In June 2021 Seiz introduced a Karatbars Worldwide reboot, centered round a “Lifebase” shitcoin.
Seiz later deleted the announcement. So far as I do know neither the reboot or Lifebase eventuated.
In late 2021 BehindMLM caught wind of renewed makes an attempt to resurrect Karatabars.
As of but nothing has eventuated from that discourse both.