Ukrainian regulator recognizes 14 cryptocurrency projects as unreliable

The National Securities and Stock Market Commission of Ukraine (NSSMC) has added 14 investment projects to the list of unreliable ones. Some of them target cryptocurrency holders.

The state agency has included the following among the dubious ones:

• Gerchik & Co Stocks;
• Finteria;
• Investizo;
• LiquidityX;
• ActivTrades;
• LCG;
• PaxForex;
• SFCRYPTO;
• BITDEER;
• AST MINING;
• ForexMart;
• Tradeview Financial Markets SAC;
• PO TRADE;
• Trust Capital.

In particular, Finteria promises additional income for correctly predicting the price movement of bitcoinand Ethereum ETH $2,926.13 Bridged Ether (StarkGate) 7.16% Market capitalization $0.24 billion VOL. 24 hours $2.16 billion , the cloud mining service AST MINING lures customers with a one-time payment of $ 30 for registration, and BITDEER offers some «bonuses» for completing tasks.

PO TRADE’s main page displays a counter of the user’s stay on the site with a simultaneous calculation of funds allegedly earned by their clients during the same time. ActivTrades reports in the site’s header that 82% of their retail clients lose money when trading with leverage.

The NSSMC emphasizes that the activities of all these companies are not regulated in Ukraine, so interaction with them carries significant risks for investors. Currently, the full list of the agency contains 318 items.

Just a month ago, the National Securities and Stock Market Commission of Ukraine released a preliminary list of questionable investment projects.