New Zealand’s FMA Blacklists Trading Software Provider USI-Tech

[kreslik.news]

New Zealand’s Financial Markets Authority (FMA) has updated its warning list today to include USI-Tech, an operator of a forex and Bitcoin trading platform. According to the warning, the crypto and forex trading platform provider is offering financial services and products to residents of New Zealand without authorisation.

The regulator also warns that the operations of USI-Tech, which is based in Dubai, United Arab Emirates, have the characteristics of a scam. The FMA strongly urges investors not to deal with the company.

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USI-Tech claims on its website to enable “smaller” (retail) ... (read more)