New Zealand FMA Warns Against Bitcoin Broker USI-Tech

The Financial Markets Authority (FMA) has just issued a warning against a bitcoin broker called USI-Tech.

USI-Tech

Website: https://usitech-int.com/

Reason for warning:

USI-Tech is not registered on the Financial Service Providers Register to provide financial services in New Zealand.

FMA considers that the operations of the entity bear the hallmarks of a scam, therefore strongly recommends that you do not deal with the entity.

Other regulators, including British Columbia Securities Commission, CNMV, and Financial and Consumer Services Commission have also warned against the company.

The official warning can be seen here.

Source

NFL Warns Its Registered Soccer Teams They Cannot Be Part of Future NFTs Tech Companies Experience Huge Downfalls in their Share Prices since Dot-Com Bust Apple Faces an Accusation from the European Union Russia Could Hit US Chip Industry, White House Warns Tech Stocks, Applied Materials, and More Industries Making Huge Stock Movements Richard Bernstein Says Bitcoin Has Become A Bubble Galaxy Digital has Filed for Bitcoin Futures ETF with SEC Wall Street Futures Rise after Steep Selloff and Awaiting Big Tech Earnings Valneva Shares Plunge as Vaccine Deal with Europe Flounders Coinbase Receives A Warning From SEC Over Its High-Interest Cryptocurrency Product