- The FDTE platform is not authorized to provide services in Slovakia.
- Clients of these services face significant risks and possible fraud.
- It is only possible to provide services in cryptoactives with the NBS authorization.
- The NBS recommends clients to check entities and their licenses before investing.
The FDTE platform, which offers the opportunity to invest in cryptoactives through its website, is not authorized to provide such services in the territory of the Slovak Republic. By using the services of such entities, their clients are at a significant risk. This was pointed out by the National Bank of Slovakia (NBS).
At the same time, she recalled that only an entity with a license from the NBS or from the competent supervisory authority of another Member State of the European Union (EU) is entitled to provide services in the area of cryptoactives in the territory of the Slovak Republic. In the transitional period until 30 December 2025, the entity with the relevant bound trade.
“The NBS has received suggestions on the FDTE platform and persons promoting the activities of this subject, while the FDTE platform and the persons promote it have links to the LWEX platform to which the NBS has previously published a warning,” Informed the central bank.
“The NBS has long warned clients in the financial market to check the authorization of the entities by which the trade is concluded on the NBS website and carefully consider which entities they will enter into a contractual relationship,” The central bank noted that investing in the cryptoactive market involves various risks, including frequent fraud. She also published recommendations and advice on how to defend against fraud in this area.
The supervision of the financial market is legally non -public, so the NBS does not disclose any results from the supervisory supervision. “The NBS always takes the necessary steps and provides cooperation to other institutions and authorities. If the consumer suspects a crime, we recommend that you file a criminal complaint at the relevant department of the Police Force or Prosecutor’s Office,” supplemented by a central bank.
