Public Statement 19 of 2020 - TRADING CRYPTOBINARY TRADE & FINANCE GROUP, INC (2020-10-28)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about TRADING CRYPTOBINARY TRADE & FINANCE GROUP, INC. The FSC states that this entity has circulated a forged investment business licence and is falsely claiming to be authorised and regulated by the FSC to conduct investment business by dealing in investments. The entity has never been licensed or regulated by the FSC for any financial services business in or from the BVI.

• Warning: TRADING CRYPTOBINARY TRADE & FINANCE GROUP, INC is not and has never been licensed or regulated by the FSC to carry on investment business or any financial services business.
• Forged documents: The entity is circulating a forged investment business licence and falsely purporting to be FSC-licensed.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity.
• Information request: The public is invited to report any relevant information on this or other questionable entities operating in or from the BVI to the FSC.

The statement is issued under Section 37A of the Financial Services Commission Act, 2001 and is informational in nature, intended to protect the public rather than impose regulatory requirements on licensed entities.

Applies to

general public, persons solicited by unlicensed entities