Don't fall victim to crypto scam, says regulator

The Island's financial regulator has issued a warning about a cryptocurrency scam that claims to be based on the Island.

The Financial Services Authority has updated a public warning it put out last October about a company called SpectraX.Pro

The FSA says despite its website and social media videos saying it's based on the Isle of Man, it doesn't have any genuine connections to companies or businesses here - and it's not licensed to provide financial services.

It's warning people it's a con, and says you should steer clear of it.