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FSCA warns against FX Trade Bitcoin
By Philippa Larkin
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THE Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with FX Trade Bitcoin.
It said this week that while it was uncertain what business the company was conducting, FX Trade Bitcoin was not authorised to give any financial advice or render any intermediary services in terms of the financial act.
The FSCA said it had received information that FX Trade Bitcoin was soliciting investments from the public and had received complaints from investors who seemed to be unable to recover their funds from the firm.