Investors in crypto-assets are at high risk of losing money with no guarantee of protection due to the increasing incidence of financial fraud.
The National Bank issued such a warning today, signaling the existence of “investment offers” promising quick and safe profits, using for credibility, among other things, the names of public authorities.
The offers are promoted mainly through social media, messages or phone calls. “Such schemes are found all over the world, using names, logos or images of institutions, well-known companies or public figures to create credibility,” said an official statement from the NBM, which has seen itself as such a “tool” to promote fraudulent schemes.
For the avoidance of doubt, the NBM says it “does not contact individuals offering investments, request payments or money transfers, extend credit or broker contracts.”
In addition, the institution “does not offer investment services, manage investment portfolios or promote investment products to the public”.
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