Austrian Regulator Exposes Crypto Trading Platform Elcurrency Global Limited

Austrian financial supervisory authority (FMA) yesterday issued a warning against concluding transactions with Elcurrency Global Limited(ELcurrency) / Hello Technology Ltd, a cryptocurrency trading platform.

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

Registered address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

Web: www.elcurrency.com

E-Mail: support@elcurrency.com

As detailed in the official press release, Elcurrency doesn’t have a license to run operations in Austria. That is to say, this provider is not authorized to carry out banking transactions in Austria. Therefore, the unauthorized provider is neither permitted to trade on a commercial basis on its own account or on behalf of others.

As seen on its website, ELcurrency claims to offer a trading portfolio based on Bitcoin and education packages for users who want to open an account with them. The company also said that it has onboarded 2136 clients, and client's profit has reached more than 57 million as of press time.