Mauritius’ Monetary Companies Fee has issued a securities fraud warning towards Cloud Token.
Of their warning the FSC singles out Cloud Token associates selling the funding alternative by way of social media.
The teams “Cloud Token Mauritius” and”Cloud Token Indian Ocean and Africa” are singled out by title.
The general public is being solicited by a sure group of individuals on social media beneath the title of “Cloud Token Mauritius” and “Cloud Token Indian Ocean and Africa” to put money into digital property and crypto currencies by way of the “Cloud Token” cellular utility.
It has additionally come to the eye of the FSC that occasions are being hosted in publicly accessible areas in Mauritius to advertise this utility.
The FSC urges traders and the general public to train warning in any dealings with Cloud Token Mauritius and Cloud Token Indian Ocean and Africa.
The FSC warns that Cloud Token and its numerous promoter teams ‘are usually not and haven’t, at any time limit, been licensed and controlled by the FSC‘.
Cloud Token launched earlier this 12 months in Singapore as a part of the World Blockchain Discussion board.
In June 2019 admin Ronald Aai (proper) moved administration of the corporate to Malaysia.
Cloud Token just isn’t registered to supply securities in Malaysia, Singapore or wherever else on this planet.
Because the Ponzi scheme spreads, it’s anticipated that extra securities fraud regulatory notices will comply with.