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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.



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.


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