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FSC issues Investor Alert against China’s YuanPay group

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The Financial Services Commission has warned that an entity bearing the name of YuanPay Group which is allegedly based in China, is claiming to be the marketer of China’s cryptocurrency in Mauritius.

The FSC has refuted that YuanPay Group and/or any individuals/representatives or promoter groups operating under this name “are not and have not, at any point in time, been licensed and regulated by the FSC.”

The FSC has urged the public to exercise caution when dealing with YuanPay Group and with any other individuals and/or entities associated with this entity.

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