The Financial and Consumer Affairs Authority is warning investors about an online cryptocurrency trading platform. Ellite Cryptominer LTD, claims to be based out of the United Kingdom.

The Authority says Ellite holds itself out as one of the world’s leading CryptoForex trading platforms for Bitcoin and other cryptocurrencies. The platform claims the Financial Services Commission of Ontario, based in Saskatchewan, issued them a “Broker License”.
The Authority says this information is false.

The Financial Services Commission of Ontario no longer exists, was never based in Saskatchewan, and never had the authority to issue a license in Saskatchewan. The FCAA has not issued the company a Broker License.

Cryptocurrency trading platforms that trade or sell securities or derivatives in Saskatchewan need to be registered with the FCAA. Ellite Cryptominer LTD is not registered with the FCAA in any capacity.
If you have invested with Ellite, or anyone who claims to be acting on their behalf, you are asked to contact the FCAA’s Securities Division.