Bitcoin

Cyprus SEC publishes a blacklist of 7 fraudulent websites related to cryptocurrency

Cyprus, an important international business center and tax haven, warns investors about various shady websites offering forex and currency investments.

The Cypriot Securities and Exchange Commission issued a warning seven companies that appear to have operated illegally.

The advisory document published by CySEC on August 6th says so None of the listed companies belong to a company that is authorized to provide investment services. The list includes fxg.market, 247firstinvest.com, keyoncapital.com, procloudoptions.online, cryptotradecentr.com, fxgrowcapital.com, and meritkapital.net.

Cyprus SEC publishes a blacklist of 7 fraudulent websites related to cryptocurrency
Cyprus SEC publishes a blacklist of 7 fraudulent websites related to cryptocurrency

One of the blacklisted websites cryptotradecentr.comis positioned as A state-of-the-art multinational company offering a wide range of trading services. The allegedly fraudulent company offers currency trading and contracts for differences in stocks, indices, commodities and cryptocurrencies on its homepage.

Confirmation that the company is based in Australia and Luxembourg, According to its own information, the Crypto Trade Center is approved and regulated by the Commission de Surveillance du Secteur Financier, a major financial regulator in Luxembourg.

CySEC has closely monitored global investment services to protect investors from fraudulent offers. In May 2020, the agency blacklisted another group of websites related to crypto and currency exchange. including a company called Binance Capital Options.

According to online reports Binance Capital Options has no connection to the world’s leading crypto exchange, Binance. Instead, the company was a cloned website scam designed to scam investors based on a legitimate company’s corporate data. Binance Capital Options continues to claim on its website that it is regulated by CySEC.

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