The FMA financial regulator added three more crypto-platforms to its blacklist, which warns of fraud, the FMA community reports, Wednesday, December 12th.
The OneLife Network Limited and its associated OneCoin Limited organization were blacklisted because they "carry signs of fraud" and promise unrealistic returns to their customers. In addition, FMA has learned that the companies mentioned are conducting promotions in New Zealand and offering investments, thereby violating the rules of the country, providing unregistered financial services.
Bitcoin Revolution Limited
Another cryptocurrency company, Bitcoin Revolution Limited, was also suspected of involvement in fraud. According to Finance Magnates, a crypto-trading company published suspicious allegations on its website, such as "Earn up to $ 1,000 an hour or more".
Also, the FMA reminded the public of its October warning that Bitcoin Revolution Limited had falsely claimed that the prime ministers and officials of the country had invested in Bitcoin.
New Zealand Authorities Increase Security
After frequent manifestations of fraud in the crypto-market, the New Zealand authorities have increased the level of security and began to closely monitor the crypto-fraudsters. In September, the country's police issued a warning to citizens about online fraud, since one of the investors lost 320,000 New Zealand dollars (213,000 US dollars).
According to the FMA representative, the above-mentioned three crypto-platforms, which suffered the fate of being on the FMA blacklist, joined the October scammers, also associated with the cryptocurrency, mainly for the promise of unrealistic earnings.
Editor: Yuliya Soroka