BaFin has ordered Karatbit Foundation to stop doing business in Germany immediately due to the absence of a necessary license
Source: https://cointelegraph.com/news/bafin-orders-gold-backed-token-issuer-to-cease-and-desist-order
BaFin Orders Gold-Backed Token Issuer and Alleged Ponzi Scheme to Cease-and-Desist
November 14, 2019
CoinTelegraph