Swiss Regulator FINMA Puts Crypto Investment Firm Alliance Capital on Its Warning List

  • The Swiss financial regulator FINMA is warning investors of another potential fraud-maker. Alliance Capital offers a wide range of the crypto investment products

Cover image via U.Today

The Swiss financial regulator FINMA is warning investors of another potential fraud-maker. Alliance Capital, judging by its website, offers a wide range of crypto investment products, including binary options– especially, this last one is often considered a scam already.

More curiously is that the majority of all these services offered by the company is provided on websites of third-party companies which have nothing to do with Alliance Capital.

Besides, the office of the company, supposedly based in Zurich, near the Crypto Valley, is doubtfully even there– as the FINMA investigators have found out.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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