The Brunei Darussalam Central Bank (BDCB) announced that the BDCB Alert List has been updated.
The BDCB Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BDCB or whose activities raise a suspicion of illegal financial activity. This list is without prejudice to any further assessment by BDCB regarding the activities of the companies concerned.
BDCB informed the public that Instagram profile btc_trading_investment_brunei with the phone number 7278250 or Inv Bitcoin Brunei or investment_bitcoin_brunei; and CEX.IO are included in the alert list for October.
The BDCB Alert List can be found on the BDCB website.
BDCB reminded the public to only deal with financial institutions licensed by BDCB, and to avoid any unlicensed entities or individuals carrying out or offering financial services, especially those with characteristics of get-rich-quick or pyramid schemes.
Among the financial products and services that must be licensed by BDCB include money changer, money remittance and money lending. The public is reminded that they may not have the protection provided under BDCB’s regulatory framework should they choose to deal with entities, companies or individuals which are unlicensed or unregulated.
The public may visit www.bdcb.gov.bn for information on the dangers of unlicensed financial entities as well as on how to identify financial scams.
