ANTIGUA-FSRC warns against bogus cryptocurrency bank providing services in Antigua and Barbuda

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Antigua warned about fake crypto bank
Antigua’s FSRC cautions public on fraudulent cryptocurrency banking services

ST. JOHN’S, Antigua, CMC – The Financial Services Regulatory Commission(FSRC) of Antigua and Barbuda is warning the public that Digital Cryptocurrency Bank, which also trades as DCB, “ has not now nor has ever been issued a license to carry on international banking business from or within” the country.

In a statement, the FSRC said that it is also advising the public that the DCB “is not authorised to conduct any type of business here in Antigua and Barbuda”.

The Commission said it is empowered under the International Banking Act 2016 to grant licenses to qualified international business corporations incorporated in Antigua and Barbuda to carry on international banking from within Antigua and Barbuda.

“The Commission hereby advises the public that Digital Cryptocurrency Bank -also trading as DCB …is not an international business corporation under the laws of Antigua and Barbuda as the Commission has never incorporated it”.

It said that “all statements and representations made by the entity that it is lawfully registered and licensed by the Commission to carry on any type of business in any jurisdiction in the world are false”.

The FSRC stated that it is a public authority, continued and governed by the Financial Services Regulatory Commission Act 2013, and that it publishes and maintains a list of international banks.

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