The Cyprus Securities and Exchange Commission (CySEC) issued an investor warning stating that four websites do not belong to any entity authorised to provide investment services and/or perform investment activities under Article 5 of Law 87(I)/2017. The websites listed are deumarket.com, crowd-base.com, velorato.com and xt-blimited.com. CySEC urged investors to verify authorisation status via its website before conducting business with investment firms.
Cyprus Securities and Exchange Commission warns that four websites are not operated by authorised investment firms
The Cyprus Securities and Exchange Commission (CySEC) issued a warning about four websites—deumarket.com, crowd-base.com, velorato.com, and xt-blimited.com—operating without authorization under Article 5 of Law 87(I)/2017. CySEC advises investors to check the authorisation status of investment firms on its website before engaging in business.