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cryptomania

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Im not sure about Cryptomania's license. Please help me.
Aaron Ch
Djibouti
2023-11-01
ANSWER Cryptomania doesn't have the license to provide financial products or investment services.Cryptomania claims to be founded in 2018. However, its domain, cryptomainia.com, was first registered in May 2023. The discrepancy between the claim and the website's actual age strongly suggest that this is not an honest entity.As for its legal forms, Cryptomania only says that it is located in the UK. As per UK law, it is not allowed to solicit investors in this country before obtaining authorization from the Financial Conduct Authority (FCA). However, there isn't any indication that it has been licensed by the UK's financial regulatory body. This lack of the required authorization indicates its illegitimacy.Therefore, we strongly suggest investors stay away from Cryptomania which operates outside the regulatory framework. Individuals dealing with this platform are exposed to fraud and identity theft. To safeguard investors' interests, it is advisable to choose fully regulated brokers.
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