unauthorised investment — unauthorised investment — The Cyprus Securities and Exchange Commission (CySEC) has identified four websites that are not authorised to provide investment services in Cyprus. The sites, deumarket.com, crowd-base.com, velorato.com, and xt-blimited.com, are flagged for operating without the necessary regulatory approvals.
CySEC’s recent statement highlights the importance of investor protection, emphasising that these platforms do not belong to any licensed entities under Cypriot law. This action is part of the regulator’s ongoing commitment to maintaining the integrity of the investment services framework.
Investors are urged to exercise caution when considering financial transactions through these websites. The absence of authorisation signifies a lack of oversight and security for potential investors, which could lead to significant financial risks.
To further safeguard against such risks, CySEC encourages the public to consult its official website. There, investors can verify which entities are properly licensed to provide investment services and engage in investment activities legally within Cyprus.
This initiative by CySEC underlines the regulator’s proactive stance in protecting investors from unauthorised operations. By promoting awareness and vigilance, the commission aims to foster a safer investment environment.
