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[ElPaule]

The finacial authority Financial Conduct Authority (FCA) announced a warning today on the planned NFT trading platform CoinBurb. The FCA stated that CoinBurb submitted all needed documents but until now did not fully been assessed. Therefore they can not claim to be a regulated trading platform but can continue to trade until a final decicion has been made. Therefore there is a significant risk for investors, that might be loosing money they invested to build CoinBurb trading platform but also money to use for trading on the platform.

 

[Wisdom01]

since they have warned investors not to invest , I think the Investors needs to be careful with the way they invest in the platform , if the platform was regulated the UK authorities would not have issued out a warning at the end of the day too

 

[Wisdom01]

since they have warned investors not to invest , I think the Investors needs to be careful with the way they invest in the platform , if the platform was regulated the UK authorities would not have issued out a warning at the end of the day too, with the rate of scams ongoing people really need to be careful with platform they join

 

[achawaskey]

Since FCA said that the documents coinBurb submitted did meet the approval, and advice them to go on in business, and also said the investors in coinBurb could lose their investment. This information should not be released until the documents is fully access, because this could lead to panic on the side of the investors.

 

[Horia_10]

I do have heard bad things and the trustpilot reviews have bought while there are still many negative reviews of people not being able to withdraw after making deposits so I decided not to invest in such a company after FCA has marked it as high risk and a potential scam company from HK .

 

[Wisdom01]

Since FCA said that the documents coinBurb submitted did meet the approval, and advice them to go on in business, and also said the investors in coinBurb could lose their investment. This information should not be released until the documents is fully access, because this could lead to panic on the side of the investors.

yes probably those that are using the trading platform would have already start having panic and start withdrawing their funds ,they actually dont want more loss to happen to their funds or portfolio ,well let's see how things would play out in the platform