New Zealand Law Society - FMA warns that Profit Bitcoin has hallmarks of a scam

FMA warns that Profit Bitcoin has hallmarks of a scam

This article is over 3 years old. More recent information on this subject may exist.

The Financial Markets Authority has issued a warning about Profit Bitcoin.

It says it is concerned Profit Bitcoin and the website, https://theprofitbtc.com/, "have the hallmarks of a scam".

"We have been made aware that Profit Bitcoin is advertising on Facebook by promoting false news about the government’s initiatives along with an image of New Zealand’s Prime Minister."

The FMA says Profit Bitcoin is not registered as a financial service provider in New Zealand and is therefore not permitted to provide financial services/products to New Zealand residents.

Lawyer Listing for Bots