Company Information

Get to know Quintric

Quintric promoted itself as a revolutionary monetary system designed to offer a stable alternative to fiat currencies. The company issued cryptographic tokens, namely "Quint" and "QuintS," which it claimed were backed by specific amounts of physical gold and silver held in reserve. The stated mission was to provide a secure and transparent currency that was protected from inflation. However, in 2021, the U.S. Securities and Exchange Commission (SEC) charged the company and its founder with operating a multi-million dollar Ponzi-like scheme and fraud, alleging that the claims of being backed by precious metals were false.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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Quintric

United States

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.