RegAlertEnforcement · SEC · 26 Jun 2020
Activities of an Illegal Operator IBSmartify Nigeria
The Commission has issued a formal warning regarding the unregistered and unregulated operations of iBSmartify Nigeria, which promotes the iBledger blockchain and InksNation. The notice explicitly states that neither the company's promoters nor its financial products hold official regulatory approval. Consequently, members of the public are advised to engage with iBSmartify Nigeria and similar entities at their own risk.
The attention of the Commission has been drawn to the activities of iBSmartify Nigeria the promoters of a Blockchain known as iBledger (iBcashcryptocurrency) and InksNation. The general public is hereby advised that neither the promoters of iBSmartify Nigeria nor the illegal products they offer are registered or regulated by the Commission. In view of the above, the general public is hereby WARNED that any person dealing with the said entity and others in the same business in any manner whatsoever, does so at his/her own risk. SIGNED MANAGEMENT
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Source: Securities and Exchange Commission Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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