Authorities in Switzerland and Austria have issued investment warnings against AladinCoin.
Switzerland’s Financial Market Supervisory Authority added AladinCoin to their warning list on June 8th.
FINMA warns AladinCoin (listed as Aladin Capital) is not authorized to offer financial services in Switzerland (unregistered securities equivalent).
Separately, Austria’s Financial Market Authority banned AladinCoin promotion and investment on July 5th.
The FMA warns Aladin Capital AG (which appears to have been renamed Swiss Dynasty Trust AG) failed to register with the FMA.
Both FINMA’s and the FMA’s warnings can be considered “unregistered securities” equivalents in their respective jurisdictions.
BehindMLM reviewed AladinCoin back in February. We determined AladinCoin is a Ponzi scheme based on investment in non-publicly tradable AIC points.
To the best of our knowledge neither AladinCoin or Aladin Capital have registered with a securities regulator in any jurisdiction they operate in.