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

Mon, 24/09/2018 - 12:43

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

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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 Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.