FCA Exposes Second Crypto Clone Broker This Month

[kreslik.news]

The City watchdog has sounded an alarm over yet another fraudulent clone, but this time shedding the light on a cryptocurrency firm. The FCA said on Thursday that a company called GMT Crypto was impersonating regulated firm GMT Communications Partners LLP to lure and possibly scam investors.

The FCA warning comes just two weeks after the authority warned the public against suspicious operation of Cryptobourse, which has been revealed to be manipulating investors by claiming the reference number of an FCA-regulated called Crypto Facilities Limited.

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Although GMTCRYPTO doesn’t explicitly claim to be licensed by the ... (read more)