UAE authorities have issued a warning to Zeniq Applied sciences about doable securities fraud.
There’s a shell enterprise known as Zeniq Applied sciences behind Zeniq Coin. The Safir Worldwide Ponzi scheme makes use of Zeniq Coin as a foreign money. Erwin Dokter, who relocated to Dubai in mid-2021, is in command of all three enterprises. In mild of the DFSA’s Dec. fifth discover, Zeniq Applied sciences has “authorized standing” beneath the DIFC’s jurisdiction and is licensed by the DFSA, in accordance with quite a few web sites.
Based on the Monetary Conduct Authority (FCA), Zeniq Applied sciences shouldn’t be licensed by the DFSA to supply monetary providers in or out of the DIFC. DIFC is an abbreviation for “Dubai Worldwide Monetary Centre.” Positioned in Dubai, the particular financial zone has an unbiased, globally managed regulator and judicial system, widespread regulation framework, worldwide monetary trade, tax-friendly surroundings, and a considerable company neighborhood.
Though Zeniq Applied sciences has some fundamental DIFC incorporation, it has no bearing on the firm’s capacity to present monetary providers. For non-financial providers actions, Zeniq Applied sciences is a agency that is included in the DIFC and is licensed to function in or from the DIFC. It is not allowed to present monetary providers in or out of the DIFC as a result of the firm is not regulated by the DFSA. Norway (26%), Saudi Arabia (6%), and India (4%) are the prime three nations that present site visitors to Safir Worldwide’s web site, in accordance to Alexa (6%).
The majority of Zeniq Coin’s web site guests come from Saudi Arabia, India, and Vietnam (3%). Zeniq Applied sciences’ web site receives no site visitors at all. Dubai is the world’s MLM rip-off capital.
Nevertheless, if you declare to be registered to present securities in the DIFC (which most MLM Ponzi schemes working out of Dubai do not), the DFSA could finally expose you to the public.