Sunday Tribune


- Philippa Larkin

THE Financial Sector Conduct Authority (FSCA) has warned the public to be cautious when conducting financial services business with FX Trade Bitcoin. Last week, it said FX Trade Bitcoin was not authorised to give financial advice or render intermedia­ry services under the financial act. It had received informatio­n that FX Trade Bitcoin was soliciting investment­s from the public and had received complaints from investors who seemed to be unable to recover their funds from the firm. “The warning is made against the background of an everincrea­sing number of fraudulent activities in the crypto asset and on-line trading environmen­t. It is also of concern that the website of FX Trade Bitcoin has no contact details,” it said.


Newspapers in English

Newspapers from South Africa