RATE Group | FINMA Warns Against Cryptocurrency Firm Alliance Capital
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FINMA Warns Against Cryptocurrency Firm Alliance Capital

FINMA Warns Against Cryptocurrency Firm Alliance Capital

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“Crime,” 1960s Batman once said, “never sleeps.” And so it proves today. Late last week, the Swiss Financial Market Supervisory Authority (FINMA) added another cryptocurrency firm to its warning list.

Alliance Capitals, as the company calls itself, provides a variety of cryptocurrency products to its prospective clients. That includes binary options – a big red flag – and some sort of cryptocurrency trading platform.

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How it provides access to those products is unclear. The reason for this is that most of the services on offer appear to be on third party sites and not a part of Alliance Capital. Having said this, it’s more than likely that these third party sites are also controlled by the people running Alliance Capital.

Anyhoo, the company claims that it is based in Zurich, in the heart of Crypto Valley. Unless you, dear Finance Magnates reader, would like to fund my trip to Switzerland, I’m afraid I can’t verify this. Past…

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