24 Cryptoverge Gets Fraudulent Licence Warning from Belize IFSC

The International Financial Services Commission (IFSC), a statutory authority established in Belize to regulate and supervise the international financial services sector, has issued a warning against 24 Cryptoverge for providing service with fake licence.

According to the regulator, the company is using or giving out the following details:

Name of Individual/Entity – 24 Cryptoverge

Address – 796 West Winding Way St. Voorhees, NJ 08043

Other Information – Entity is using a fraudulent Licence No: IFSC/62/315/TS & IFSC/62/315/APM

Website – https://24cryptoverge.com/

Email – info@24cryptoverge.com

Taking a look at the company’s website, 24cryptoverge claims that “24cryptoverge is regulated by the International Financial Services Commission of Belize with License numbers IFSC/62/315/TS and IFSC/62/315/APM”.

Looking into the company’s information in sector of Licence Verification on IFSC official website, “No matching records found” is shown on the result page. The company actually uses fake licence and details to fraud traders.

About IFSC

The International Financial Services Commission, also known as the “IFSC” or the “Commission” was established by the enactment of the International Financial Services Commission Act (IFSCA) on 3rd May 1999 and brought into force in 2000. The establishment of the IFSC allows Belize to comply with international standards in the structure and administration of its IFSC regulatory and supervisory body.

The IFSC is a premier regulatory body for the offshore industry in Belize and as the regulatory authority, the IFSC’s responsibility under the IFSC Act, is to promote, protect and enhance Belize as an international financial services center and to regulate the provision of international financial services.