Announcement from the official website of KAB: Voluntarily give up the CySEC license and stop providing investment services

Recently, KAB's official website officially issued an announcement, announcing that the company has decided to voluntarily give up its CySEC CIF license with authorization number 058/05 from March 1, 2023, and after communicating with existing customers, the company will stop providing investment Serve.

The announcement pointed out that KAB customers with funds and financial instruments in their accounts will be notified, the company will refund the amount of their eligible funds and financial instruments, and users may be asked to provide the information required to make the refund (according to the company's terms and condition).

In fact, in the past two years, there are many customer complaints in KAB. Beginning in June 2021, a large number of customer complaints have been exposed. The content mainly focuses on problems such as inability to withdraw funds for various reasons, random blocking of accounts, and inability to contact customer service. Today's voluntary delisting is also a choice based on its own business conditions.

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