Belize Financial Regulator Warns Against Fraudulent Bitcoin Investment Company

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The financial regulator of Central American republic Belize has released a open warning opposite XMAXBIT, a association that claims to yield earnings for investors by investing in cryptocurrencies like bitcoin.

Published on Monday, a Office of a International Financial Services Commission (IFSC), Belize’s financial regulator, has warned users opposite traffic with a company.

XMAXBiT claims to be an “international purebred company”, with concomitant authorised papers to infer a certification on a website. A ‘Certificate of Incorporation’ purports a effect as a association in Belize.

The certificate is a ‘complete forgery” wrote Neri J.Matus, IFSC executive ubiquitous in his warning, before adding:

This entity is not licensed/regulated by a International Financial Services Commission or any other efficient management in Belize to control any form of trade business.  All persons endangered are warned to take note and practice impassioned caution.

On a website, XMABIT says it was founded in Jan 2010. Investor earnings will be done in bitcoin payments, a association added.

“Our form of work is effective investments in cryptocurrency (LiteCoin, Bitcoin) and mining,” a association wrote.”

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