Belize regulator IFSC warns against BTCHOME Mining


Belize regulator IFSC warns against BTCHOME Mining, while adding that this entity falsely claiming that it holds an International Business Company registration in ‎Belize.‎ The firm in question also claims that it enables traders to achieve greater profits through reinvesting their funds in its cloud mining service

18 April, AtoZ Markets The key financial regulator of Belizean markets, the International Financial Services Commission of Belize (IFSC) ‎has published a warning in relation to the company that calls itself BTCHOME Mining. The regulator notes that the firm is falsely claiming that it holds an International Business Company registration in ‎Belize.‎

Belize regulator IFSC warns against BTCHOME Mining

The entity BTCHOME states that it operates a regulated ECN/STP Forex brokerage service. According to the company, it provides trading facilities to clients worldwide, while also focusing on the cryptocurrency mining services.

The firm in question also claims that it enables traders to achieve greater profits through reinvesting their funds in its cloud mining service. The service acts as an alternative for those, who want to engage in altcoin mining.

The IFSC has issued a number of guidelines in a bid to prevent such fraudulent activities. The guidelines encourage potential investors to be cautious with firms that promise disproportionate returns. The regulator states that a guaranteed investment with a high return is often too good to be true.

IFSC Binary Options Oversight

‎The regulator of Belize has also advanced its practices in combating Binary Options brokers’ fraud. One of the latest announcement in regards to this markets comes with the name ‘Matrix-Option.’ The regulator warned that this entity is operating online via ‎https://www.matrixoption.com. The firm, according to the IFSC, has appeared to have forged its regulatory status.

All persons that are concerned should exercise extreme caution. The IFSC notes that the abovementioned entity is fraudulently claiming to hold a trading license.

Usually, the scam entities might deny the accusations from the regulator and come up with excuses, stating that it was an administrative error. However, in this case, the company provides its regulatory status on its official website, while also providing the link.

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