FMA in New Zealand is concerned that Bitcoin Code has the hallmarks of a scam.
The operators of the websites are not registered financial service providers in New Zealand. FMA (NZ) believes they may be operating a scam and recommend exercising caution when dealing with this entity
Bitcoin Code is using a fake article with the name and images of a well-known New Zealand public figure to promote their platform. Attached below is one of the images from the article.
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.
