Warning from FSC for COINFIELD

Recently, It is said on the official website of Financial Services Commission, (FSC) that It has come to the attention of the Financial Services Commission, Mauritius that a firm named CoinField, which claims to be “the leading Bitcoin & cryptocurrency exchange” is advertising its services in Mauritius on its website.

The FSC hereby informs the public that CoinField and/or any other individual representatives or promoter groups operating under this name are not been licensed and regulated by the FSC.

FSC advised Consumers to consult the Register of Licensees available on the FSC website for persons/entities duly licensed/authorised/registered firms. Authority also informed investors can become a victim of potential scams.

About FSC

The Financial Services Commission, Mauritius (the 'FSC') is the integrated regulator for the non-bank financial services sector and global business. Established in 2001.

FSC vision is “to be an internationally recognized Financial Supervisor committed to the sustained development of Mauritius as a sound and competitive Financial Services Centre”. FSC aims to:

• promote the development, fairness, efficiency and transparency of financial institutions and capital markets in Mauritius;

• suppress crime and malpractices so as to provide protection to members of the public investing in non-banking financial products; and

• ensure the soundness and stability of the financial system in Mauritius.

CoinField

According to its website, CoinField is the leading Bitcoin & cryptocurrency exchange. We currently host a wide variety of cryptocurrencies that trade against six different fiat currencies including EUR, USD, CAD, GBP, JPY & AED. It was built with one goal in mind: To make the world of cryptocurrency more accessible globally.

CoinField has continued to innovate and expand its reach, we now operate in 193 countries spanning from North America, South America, Europe, Asia and beyond. Launched in April 2018.

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