The Cyprus Securities and Exchange Commission (CySEC) has issued a new warning to investors, naming 10 websites that are not operated by authorised entities.
According to CySEC, the websites are not licensed to provide investment services, conduct investment activities or offer cryptoasset services.
Ten websites named in warning
The following websites are included in the warning:
- 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
- fxtrade.app
Legal framework
CySEC said the websites are not associated with companies authorised under Article 5 of the Investment Services and Activities Law, Law 87(I)/2017.
They are also not licensed to provide cryptoasset services under the EU Markets in Crypto-Assets Regulation, Regulation (EU) 2023/1114, known as MiCA.
Investors urged to check licences
The commission advises investors to consult its official website, www.cysec.gov.cy, before entering into any agreement with a company offering investment or cryptoasset services.
Investors should confirm that the company is authorised to provide the services or conduct the activities it advertises.
