The Condusef made a call not to fall for scams from alleged brokers and traders.
It revealed the illegal operation of a company that promises investment with bitcoins.
They recalled in networks that the digital currency is not yet regulated in Mexico.
The National Commission for the Protection and Defense of Users of Financial Services (Condusef) called on future investors who see cryptocurrencies as a future of opportunities, since at least two companies that offer bitcoin operations operate in Mexico without being regulated in any way by the financial authorities.
Smart Business or SBC Smartfund Limitedfor example, promotes investments with digital currency, but is not authorized to manipulate any type of money transfer in the country.
Through Twitter, the agency made a public alert to prevent citizens from being scammed with this new investment medium.
BEWARE of this company!
Check which ones are authorized in the #SIPRES: https://t.co/oXCpSnnRLo
Beware of #FinancialFrauds pic.twitter.com/4jjwoCFR4w— CONDUSEF (@CondusefMX) February 10, 2022
In a statement, the Mexican authority also highlighted that the reliable companies to carry out any type of operation are those with the SIPRES system, where the authorized financial entities in Mexico are registered.
“Never give your money to companies not authorized by Mexican financial authoritiesand less without first understanding the contracts and their risk characteristics, the terms and the place where the resources must be returned”, says the Condusef.
And it is that in November 2021, the then governor of the Bank of Mexico (Banxico), Alejandro Díaz de León, indicated that cryptoactives, such as Bitcoin or Ethereum, are not considered alternative currencies, so they have not been regulated. The central banker has stated more than once that, for cryptocurrencies to be used as a payment method, they must adhere to the monetary and financial architecture by which the country is governed.
“Crypto assets that seek to be used as a means of payment must be extensions of the current monetary and financial architecture and serve as a substitute for cash, not as an alternative currency,” said Díaz de León during his participation in the National Convention of the Mexican Institute of Finance Executives (IMEF) 2021.
Smart Business Corp, the company now pointed out by the Condusef, claims to be located in the Republic of Vanuatu and promotes memberships with costs ranging from 795 dollars (around 16,342 Mexican pesos) to 995 dollars (just over 20,000 Mexican pesos). ).
“We receive the bitcoins to manage them and send them to our strategic allies,” cites the company, which promises to provide people with additional plans through cryptocurrency.
In addition, and most questionable by the authorities, it offers “unique” strategies with brokers, traders and liquidity providers worldwide, where cryptocurrencies are converted into dollars and earn profits or returns of 5 to 8 percent per month.
“We implemented a controlled risk strategy. To protect what was agreed with the partners, the company absorbs the percentage variation of the benefits, ”says his website.
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