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Bulgarian cryptocurrency scam lures UK investors with fake FCA accreditation

Thursday, March 7, 2019 by Piyush Suthar | Comments

Home News Tech Bulgarian cryptocurrency scam lures UK investors with fake FCA accreditation

The UK Financial Conduct Authority (FCA) is warning consumers to be extra vigilant as cryptocurrency scammers are falsely claiming to have FCA accreditation. In a statement from yesterday, the FCA warned Bulgaria-based blockchain startup Next Coin Market is misleading UK-based investors by linking to a fake website that suggests the company has been fully authorized by the FCA, despite having received no such accreditation. “We believe Next Coin Market is an illegal organization based in Bulgaria, claiming to be an FCA authorized firm offering cryptocurrencies to UK consumers,” the statement reads. “We have become aware they are sending consumers a…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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