South Africa's Financial Sector Conduct Authority (FSCA) on Wednesday suspended the financial services provider license of Banxso, a platform that offers cryptocurrency trading, citing concerns that its marketing practices promised customers unrealistic returns.
It follows allegations that Banxso used depth fakes in its advertising campaigns and aggressive sales techniques to force customers to invest without proper threat and risk assessment.
South African crypto exchange Banxso has had its license suspended for misleading statements and alleged deepfake propaganda
2024-10-17 03:13:21
South Africa finance sector bank regulatory authority fsca Wednesday temporarily suspendeddesk3cryptocurrencydesktopCrypto News
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