Suspected Ponzi and pyramid scheme WEWE Global or The Blockchain Era promoting LYOPAY
Flagged by Financial Markets Authority · New Zealand (NZL)
Official Warnings (1)
FMA are aware that WEWE Global (also known as The Blockchain Era) and LYOPAY are offering crypto currency products and services via webinars and public event in New Zealand. We note they are not registered on the Financial Service Providers Register or regulated for providing their services and products to New Zealand retail clients, as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and Financial Markets Conduct Act 2013.
We recommend exercising caution when dealing with these entities.
Entity name:WEWE Global (also known as The Blockchain Era);and LYOPAY
Websites: tbe.io; myblockchainid.io; Ifi.io; cloudminting.co; wewe.global; bit.ly/wewelink;lyopay.com; lyowallet.com; lyobanq.com; lyotrade.com; lyomerchant.com; lyopay.pro; lyotravel.com; lyotechlabs.comor lyoswapbot; t.me/lyoswapbot; lyocredit.io.
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This information is sourced from IOSCO I-SCAN and official financial regulators. Inclusion in this database does not necessarily mean the firm has committed fraud - it may indicate they are not authorized to operate in a specific jurisdiction. Always verify directly with the relevant regulator before making investment decisions.