Public Statement 23 of 2020 - BINARY CRYPTO EXCHANGE

PUBLIC STATEMENT

BINARY CRYPTO EXCHANGE

Tortola, British Virgin Islands - 4th December 2020 - The British Virgin Islands Financial Services Commission (the "FSC") considers it necessary to issue this Public Statement in order to protect the customers,  creditors or persons who may have been solicited to conduct business by BINARY CRYPTO EXCHANGE and to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business.

The details are:

BINARY CRYPTO EXCHANGE is circulating a forged investment business licence and is falsely purporting to be authorised and licensed in the BVI for the purpose of carrying out investment business by dealing in investments as an entity licensed and regulated by the FSC.

The FSC hereby informs the public that BINARY CRYPTO EXCHANGE is not and has never been licensed or regulated to carry on investment business, or any financial services business, in or from within the Territory.

Members of the public are advised to exercise extreme caution if solicited at any time to conduct business with BINARY CRYPTO EXCHANGE. The public is invited to provide the FSC with any relevant information on any questionable entities which are purportedly operating in or from within the Territory, and on any improper activities engaged in by such entities.

The FSC has issued this Public Statement pursuant to Section 37A  of the  Financial Services Commission Act, 2001.