CySEC Flags Unauthorised Crypto and Investment Websites in Cyprus Warning
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors about 10 websites that may be offering investment or crypto-asset-related services without authorisation in Cyprus.
The regulator noted that these sites do not belong to entities authorised to provide investment services or perform investment activities under Article 5 of Law 87(I)/2017, and are also not linked to authorised crypto-asset service providers under the EU's Markets in Crypto-Assets Regulation.
The websites listed by CySEC include amazon-forex.com, novatradecore.com, vall-fin.com, daoroyal.com, capitaldealhub.com/AI_app_es, digiteamagency.com/second-income/, seamanfx.com, newfuturevip.com, trademarketcup.com, and fxtrade.app.
CySEC urged investors to consult its website before doing business to verify which entities are licensed to provide investment services, investment activities, or crypto-asset services. The regulator pointed out that a brand name, website design, office address, or claimed licence number does not confirm that a regulated entity operates a website.