Offshore License as a Fig Leaf – Why the Alleged Regulation Doesn’t Exist
The offers currently being promoted by Marina Graf & Werner Kaiser in connection with TAG Markets, Social Trading, Sonic AI, and “Amplified Accounts” create the impression that they are regulated, licensed financial and crypto services. This claim is demonstrably false.
The central point of reference in the advertising is a so-called investment dealer license from Mauritius (FSC Mauritius, SEC-2.1B). This license is repeatedly presented as proof of legitimacy, regulation, and legality. In reality, it is legally irrelevant for access to the European market.
No EU License, No Market Access
A license from the Financial Services Commission Mauritius:
• is purely national,
• does not grant any distribution rights in the EU,
• does not authorize the offering of crypto, trading, or social trading services to EU citizens.
Neither MiCA approval nor a BaFin or FMA license exists. Without these authorizations, from an EU regulatory perspective, this constitutes a potentially illegal offering – regardless of whether it is marketed as “AI trading,” “copy trading,” or “social trading.”
Marketing instead of regulation
The analyzed materials do not reveal a neutral infrastructure, but rather:
• subtly aggressive outreach to end customers,
• deposit and account opening instructions,
• multi-level referral and commission systems,
• incentives for building a network across up to 10 levels.
This is not a technical backend, but classic sales tactics. The repeated references to “decentralization,” “AI,” or “automated systems” do not change this.
The core of the deception
The editorial team’s central criticism concerns the misleading presentation of the regulatory classification:
EU investors are led to believe that the offering is licensed, supervised, and legally permissible.
This is demonstrably false.
Especially given that the offer appears to be specifically targeting individuals already affected by the Lyconet/eCredits scandal, this deception is particularly problematic.
Conclusion
An offshore license from Mauritius is not a free pass to the EU market.
Anyone offering or advertising crypto or financial services without MiCA approval or national authorization is acting illegally.
The claim that all of this is “regulated” is not a misunderstanding, but an objectively false assertion.
Caution is not only advisable – it is essential.
Note:
This article presents a journalistic analysis. It distinguishes between official findings, documented statements from third parties, and the editorial team’s evaluative assessments. It does not constitute a criminal assessment. Rebuttals will be considered in accordance with applicable media law provisions. Art. 5 GG / Art. 10 ECHR.
Sources:
Video Online Call
FSC Mauritius
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