Investor Alerts - Uoncrypto
| Company: | Uoncrypto |
|---|---|
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 04 Oct 2024 |
| Link: | https://www.fma.govt.nz/library/unregistered-businesses/uoncrypto-unregistered-withdrawal-fees-demanded/ |
| Subject: | Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements |
| Comments: | We recommend caution when dealing with Uoncrypto.com. It offers New Zealanders investment plans with unrealistically high returns on crypto products but is not registered on the financial service providers register (FSPR) to provide financial services in New Zealand. An investor attempting to withdraw funds was asked by Uoncrypto for further payments before money was released. It is unclear where Uoncrypto is based and there is no indication of it being subject to any overseas regulation. Entity Name: Uoncrypto.com Website: Uoncrypto.com Email: [email protected] |
