The UK’s Financial Conduct Authority (FCA) has issued a warning against crypto firm Poloniex.
The FCA warns that Poloniex may be promoting financial services or products without its permission. The public is advised to avoid doing business with this company.
Companies and individuals cannot promote financial services in the UK without the necessary authorization or approval. Poloniex is not authorized by the FCA and may target people in the UK.
Unauthorized company details
Name: Poloniex / Polo Digital Assets, Ltd – poloniex.com / poloniex.org
Address: Polo Digital Assets, Ltd. F20, 1st Floor, Eden Plaza, Eden Island, Republic of Seychelles
Email: support@poloniex.com
Website: poloniex.com / poloniex.org
Applications:
If you deal with this company, you will not be able to access the Financial Ombudsman Service if you have a complaint.
You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means you are unlikely to get your money back if the company goes out of business.