Antigua regulator warns against bogus cryptocurrency bank
ST JOHN’S, Antigua (CMC) — The Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda is warning the public that Digital Cryptocurrency Bank, which also trades as DCB, “ has not now nor has ever been issued a licence to carry on international banking business from or within” the country.
In a statement, the FSRC said that it is also advising the public that the DCB “is not authorised to conduct any type of business in Antigua and Barbuda”.
The commission said it is empowered under the International Banking Act 2016 to grant licences to qualified international business corporations incorporated in Antigua and Barbuda to carry on international banking from within the country.
“The commission hereby advises the public that Digital Cryptocurrency Bank, also trading as DCB, is not an international business corporation under the laws of Antigua and Barbuda as it has never been incorporated by the commission.”
It said that “all statements and representations made by the entity that it is lawfully registered and licensed by the commission to carry on any type of business in any jurisdiction in the world are false”.
The FSRC said it is a public authority continued and governed by the Financial Services Regulatory Commission Act 2013, and that it publishes and maintains a list of international banks.
