FSC warns about unauthorised cryptocurrency entity
By the AFREEQUE newsroom, based on Defimedia
Financial Services Commission of the Republic of Korea (대… · South Korea-GovThe FSC, the financial supervisory authority, is warning against an entity operating in cryptocurrencies without authorisation. The alert urges users to exercise caution, but the information provided specifies neither the entity’s name nor the country of jurisdiction of the authority.
The Financial Services Commission (FSC), the financial regulator, has warned the public about DistributeX, an entity which claims on its website to offer marketing support linked to the global cryptocurrency market. The regulator said that DistributeX, as well as the individuals, representatives or groups of promoters operating under that name, is not and has never been licensed or regulated by its services, according to an FSC statement.
The FSC also said that DistributeX invited members of the public to attend a gathering presented as an “official employee meeting”. It urged individuals to exercise caution in any dealings with the entity or with people acting under its name.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
