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South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations

South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations

South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
Mirror Trading International (MTI), a South African bitcoin venture organization at the focal point of a restraining request gave by the Texas State Securities Board (TSSB), is pushing back charges that it is running a Ponzi plot or a trick. MTI CEO Johann Steynberg gave an announcement soothing MTI individuals that the association is in conversation with the South Africa Financial Services Conduct Authority (FSCA).


Steynberg, who was given a restraining request close by three others who dwell in the United States, likewise says he is in correspondence with TSSB on this issue. In a report conveyed by Global Crypto, a South African crypto site, Steynberg demands in a letter that his association isn't running a Ponzi conspire as individuals have full control of their bitcoins consistently. "Another significant point which separates MTI from Ponzi's and tricks is that individuals have full authority over their assets (bitcoin) consistently. Individuals can include or pull back their assets (bitcoin) whenever, without any difficulties and no charges," peruses some portion of Steynberg's letter. Steynberg claims that none of its 75,000 or more individuals around the world "has ever griped" or has fizzled "to pull back their BTC at whatever point they have selected to." Nonetheless, Steynberg's letter, which intently takes after one being flowed to individuals, doesn't straightforwardly address TSSB's center charges. Rather, the letter centers around tending to the recognition and portrayal of MTI as a Ponzi conspire. As indicated by the TSSB restraining request, MTI and its U.S.- based associates purportedly abused the state's laws by working unregistered organizations. Furthermore, TSSB asserts that Steynberg was executing a global staggered showcasing extortion and enrolling sales reps who don't have protections exchanging licenses. The controller said Texans are among the people in question. In any case, Steynberg says MTI will in the coming time frame be putting "incredible accentuation on drawing in with and working with any controller with a reasonable reason whatsoever occasions." The online automated revenue building industry — in which MTI has been working for 15 months — has a famous and exhibited notoriety for tricks and Ponzi plans, concedes Steynberg. In the interim, Steynberg says his association needs to be "completely consistent as an expertly overseen organization" that conveys to its partners for years to come. Comments


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