ANSWER Dear Investor,
It is advised to exercise extreme caution when considering any dealings with Coiny Group.
The company claims to be regulated by the Financial Services Commission, Mauritius (FSC Mauritius) and to have a cooperative arrangement with the Australian Securities & Investments Commission (ASIC) for protection. However, upon thorough investigation, no evidence of such regulatory oversight or cooperation has been found in official records from either the FSC Mauritius or ASIC.
Additionally, the Autorité des Marchés Financiers (AMF), the financial regulator in France, has explicitly placed Coiny Group on its warning list for engaging in unauthorized forex activities.
Given these serious concerns, Coiny Group appears to be a fraudulent entity. Investors are strongly advised to refrain from engaging with this company to avoid financial losses.
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