Public Statement 4 of 2020 - MITRACRYPTO TRADE & FINANCE GROUP, INC. (2020-03-04)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about MITRACRYPTO TRADE & FINANCE GROUP, INC. The FSC states that this entity has never been licensed or regulated to carry on any financial services business in or from the BVI, including investment business.

• Allegation: MITRACRYPTO TRADE & FINANCE GROUP, INC. is circulating a forged investment business licence and falsely claiming to be authorised and licensed by the FSC to deal in investments.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity.
• Reporting invitation: The public is invited to provide the FSC with any relevant information on questionable entities purportedly operating in or from the BVI and on improper activities by such entities.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is informational and protective in nature, aimed at warning the public and industry rather than imposing compliance obligations on regulated entities.

Applies to

members of the public, unlicensed entity (MITRACRYPTO TRADE & FINANCE GROUP, INC.)