FSC Mauritius Exposes Unregulated Cryptocurrency Firm on False License Claims
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FSC Mauritius Exposes Unregulated Cryptocurrency Firm on False License Claims
The Financial Services Commission (FSC) in Mauritius, the island-nation’s financial watchdog, today issued a warning stating that a company calling itself Jennocrypto is falsely claiming to hold an Investment Dealer (Discount Broker) licence.
Not only did the broker approach clients without having been authorized by the Mauritius regulator, but it further falsely claims an approval by the UK Financial Conduct Authority (FCA) and also under the ‘Malta-Cyprus Securities and Exchange Commission’!!!
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A brief review of the Jennocrypto website reveals that the broker offers its clients several cryptocurrency products that facilitates investing ... (read more)
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