CBI Alternate (Pty) Ltd is a registered Digital Asset Service Supplier with the Monetary Intelligence Centre (FIC) Namibia. Disclaimer: VASP.
Botha did not register CBI International with the BoN.
Botha’s Ponzi scheme was a lie. A Digital Asset Service Supplier (VASP) is a “That is respectable and requires registration with Namibia’s FIC.”
A VASP license has nothing to do with securities and would not substitute a Financial institution of Namibia registration.
MLM due diligence is irrelevant for VASP registration.
The Monetary Intelligence Centre (FIC) claimed it by no means licensed CBI Alternate Namibia to function within the Digital Asset space since it isn’t a prudential licensing authority. A webinar circulating on social media stated that CBI’s FIC registration authorizes and licenses them to supply sure providers to the general public beneath FIC jurisdiction. Botha (proper) has solely registered for a VASP.
The Centre stated CIB’s registration beneath the Monetary Intelligence Act doesn’t quantity to prudential licensing, and CBI should adjust to all related prudential licensing necessities and different regulatory necessities.
Utilizing that registration, he posted a pseudo-compliance notification on CBI International’s web site, which his affiliate buyers defended on social media.
With easy incorporation certificates, MLM Ponzi scams do that. “Digital Asset Service Supplier” sounds higher.
In line with the Namibia Economist, establishments offering monetary providers to the general public should be regulated by the Financial institution of Namibia or the Namibia Monetary Establishments Supervisory Authority (NAMFISA).
Botha will not register CBI with BoN. That is Ponzi.
Botha sues BoN to launch a Ponzi scheme in Namibia. The case is ongoing.
Botha just lately attended a GSPartners Ponzi occasion in Dubai. Botha stated he would not focus on the journey or future intentions on a CBI International webcast.
Botha joined GSPartners after recruiting CBI International buyers for the Ponzi rip-off.