Ingilliz Financial Conduct Authority (FCA) warns fraudsters who claim to have FCA approval.
In a statement yesterday, FCA said Bulgaria's blockchain startup Next Coin Market has misled British investors, although it is not so, the company says it is fully FCA certified.
”We believe that Next Coin Market is an illegal company in Bulgaria and that they sell crypto money to British customers, claiming to be FCA certified.“
”They're also trying to create the impression that they're FCA approved by referring users to a fake web site, lı said the British regulator.
Naturally, everyone who is contacted by Next Coin Market should inform the FCA directly. If you are so unlucky enough to be a victim of fraud, the FCA is proposing fraud help lines such as the Action Fraud.
Obviously, using the fake FCA logo is not hard to claim. The alleged fake connection is one of the oldest known fraud tactics.
When it comes to FCA, you can check with FCA's Financial Services Register to see if the company is actually in control of the FCA. If you can't find the firm's name, it's best to stay away.
Not Only in England
That is not the only example of this type, similar things occur all over the world. Belgian authorities are the list of cryptocurrency fraud sites claiming to work with well-known officials and regulators.
In September 2018, Belgian observers added 28 more to the fraud list of 70 websites. At the end of October, this number reached 99 and exceeded 100 in the range.
Even the US Securities and Money Commission (SEC) had fun in such a way, warning the public against dangerous crypto coins with the fake ICO they opened in the name of education.
This kind of trickery seems to be becoming increasingly popular among Bulgarian scammers. A review of the Bulgarian $ 3 million crypto money, which began in July 2018, has ended in November.
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