gira financial group ag

Gira Financial Group AG, purportedly based in Switzerland, positioned itself as a financial technology company in the cryptocurrency space. Its core business was the creation and distribution of a digital token called "Giracoin." The company utilized a network marketing (MLM) model to attract members and sell educational packages that included Giracoin tokens. However, the company faced widespread scrutiny and regulatory action from multiple European financial authorities for operating without the necessary licenses, leading to public warnings and the effective shutdown of its activities.