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On 2 June 2022, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Cloud Mining Fx is not relate to any entity licensed or regulated by the FSA in any capacity. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-website-3
On June 28 2022, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that Cloud Mining Fx is providing financial services without authorization. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=9677aa28-b6b2-4395-ac8c-bb73fef86a03
Cloud Mining Fx claims to be a licensed broker under double regulation including Seychelles Financial Services Authority (Seychelles FSA) and Cyprus Securities and Exchange Commission (CySEC) with license number SD087 and 129/16.
Firstly, we searched Seychelles FSA and found no matching result. However, we found a warning from CySEC. CySEC issued a warning that Cloud Mining Fx is providing financial services without authorization.
That means Cloud Mining Fx is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
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