The Cyprus Securities and Exchange Commission (CySEC) issued a warning about an unregulated cryptocurrency firm, IMS Crypto, which falsely claims to have a CySEC license. The firm is using the license details of an authorized company, Initial Merit Secure Ltd., while offering crypto managed investments with unrealistic returns. CySEC emphasizes the importance of verifying a company's registration before engaging in any business dealings. This warning follows recent actions by CySEC, including the revocation of licenses for two other trading firms.

The Cyprus Securities and Exchange Commission (CySEC) issued a warning about an unregulated cryptocurrency firm, IMS Crypto, which falsely claims to have a CySEC license. The firm is using the license details of an authorized company, Initial Merit Secure Ltd., while offering crypto managed investments with unrealistic returns. CySEC emphasizes the importance of verifying a company's registration before engaging in any business dealings. This warning follows recent actions by CySEC, including the revocation of licenses for two other trading firms.