Ukrainian Regulator Flags Crypto Projects with Registration Bonuses as Dubious

The NSSMC of Ukraine has added 14 investment projects to its list of unreliable ventures. Some of these target cryptocurrency holders.

The projects deemed dubious include:

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

Specifically, Finteria promises additional income for accurate predictions of Bitcoin and Ethereum price movements, the cloud mining service AST MINING entices clients with a one-time $30 registration payout, and BITDEER offers unspecified “bonuses” for completing tasks.

On the main page of PO TRADE, a timer displays the user’s duration on the site alongside a tally of funds supposedly earned by their clients in that time.

ActivTrades notes on its website header that 82% of their retail clients lose money when trading with leverage.

The NSSMC emphasizes that the activities of all the listed companies are not regulated within Ukraine, posing significant risks to investors engaging with them.

At the time of writing, the full list from the agency contains 318 entries.

Back in May, the NSSMC also warned citizens about dubious miners and crypto traders.