New Zealand’s FMA has issued a securities fraud warning towards Karatbars Worldwide.
As per the FMA’s Could 4th warning,
Karatbars Worldwide GbmH, Karatbit Basis and related firms as they don’t seem to be registered firms or monetary service suppliers in New Zealand.
The FMA has acknowledged Karatbars being promoted in Auckland and Christchurch, and cautions the general public towards investing within the firm.
Following final years KBC token pump and dump money seize, issues have been fairly quiet over at Karatbars.
There was speak of a KBC fork reboot however that doesn’t appear to have materialized.
Given KBC is lifeless, I assume the FMA has noticed the pyramid recruitment facet of Karatbars.