Luxembourg Financial Watchdog: Crypto Entity Lied About Licensure
Max Boddy's original article for cointelegraph.com reduced by 44%
Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier, says that a seemingly crypto-related entity called Cryptominingoptionsignal claims to be licensed in Luxembourg, but is not. "The Commission de Surveillance du Secteur Financier warns the public of the activities of an entity named Cryptominingoptionsignal The CSSF informs the public that Cryptominingoptionsignal is unknown to it and that the entity has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg." As previously reported by Cointelegraph, Luxembourg-based securitization firm Argento partnered with the London Block Exchange to jointly issue a Bitcoin-denominated bond, which is regulated by the United Kingdom's finance watchdog - the Financial Conduct Authority. "We are thrilled to have structured and produced the world's first institutional grade bitcoin-denominated financial product The large investment banks really dropped the ball on this one." In late July, the FCA reported yet another scam project.
Apparently a letter entitled "Guaranteed chance to earn" has been circulating via email, with the senders impersonating the FCA as the purported author. The email contained a promotion for cryptocurrency investments and instructed readers to follow a link to an external site.
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Summarised crypto news.