RATE Group | FSC Mauritius Exposes Unregulated Cryptocurrency Firm on False License Claims
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FSC Mauritius Exposes Unregulated Cryptocurrency Firm on False License Claims

31 Aug FSC Mauritius Exposes Unregulated Cryptocurrency Firm on False License Claims

Posted at 18:49h in Cryptocurrency News by

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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 in digital assets without being authorized to provide ‎‎such services or activities in the country.‎ ‎

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