Entity name: YuanPay Group
Associates names: YuanPay Group International SA, Yuan Payments Group International SA
Website: https://yuanpaygroup.com and https://yuanpaymentsys.com
Reason for warning:
- We are concerned that YuanPay Group, and websites https://yuanpaygroup.com and https://yuanpaymentsys.com/ may be operating a scam.
- YuanPay Group has been advertising their trading services in Chinese digital Yuan with fake news articles featuring a New Zealand celebrity. In addition, the digital yuan product is not available for trading.
- None of YuanPay Group entities above is registered on the Financial Service Providers Register. They are not permitted to provide financial services or financial products in New Zealand.