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KRAKCOIN
Operating status: SCAM
Website: https://www.krakcoin.co/
Broker violations and abnormal records
On April 8, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added KRAKCOIN to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=KRAKCOIN
On April 8, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added KRAKCOIN to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=KRAKCOINKRAKCOIN fails to provide regulatory information, a situation that serves as a red flag.
While it provides an office address supposedly located in Cyprus, there are no indications that it is registered with the Cyprus Securities and Exchange Commission (CySEC).
The company lies about its history, bragging that it has been in business since 2018. But, its domain name was recently registered in January 2024. This discrepancy is a warning sign.
What's more, the Comisión Nacional del Mercado de Valores (CNMV) added KRAKCOIN to its warning list for providing investment services without authorization.
In essence, KRAKCOIN is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
KRAKCOIN appears to be a scam.
KRAKCOIN fails to provide regulatory information, a situation that serves as a red flag.While it provides an office address supposedly located in Cyprus, there are no indications that it is registered with the Cyprus Securities and Exchange Commission (CySEC).The company lies about its history, bragging that it has been in business since 2018. But, its domain name was recently registered in January 2024. This discrepancy is a warning sign.What's more, the Comisión Nacional del Mercado de Valores (CNMV) added KRAKCOIN to its warning list for providing investment services without authorization.In essence, KRAKCOIN is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.KRAKCOIN appears to be a scam.On 26 July 2024, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that KRAKCOIN was providing financial services or products without authorisation. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-26-july-2024/718268
On 26 July 2024, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that KRAKCOIN was providing financial services or products without authorisation. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-26-july-2024/718268BrokersView found that the domain "https://www.krakcoin.co/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.krakcoin.co/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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