28 June 2019

Bitcoin Trader

TRADING NAME: Bitcoin Trader
WEBSITE: bitcointraderspro.com
PHONE: +1.4806242599
EMAIL: [email protected]

FMA received a complaint from a New Zealand resident about a misleading advertisement that they saw on social networking platform, Facebook. Embedded in the advertisement was a link to an article clearly targeting the New Zealand public with potentially misleading statements about making fast, easy, money using Bitcoin Trader. The author of the article attempted to portray its legitimacy by using the New Zealand Herald's name. The article, and Bitcoin Trader’s website are clearly targeting New Zealand residents yet are not registered with the companies’ office, do not have a presence in New Zealand and lastly do not appear to be subject to regulation of any overseas regulator.