NBS warning about Cypton Digital and the Wexo cryptocurrency platform

11. 03. 2020 | Press Release of the NBS

Národná banka Slovenska (NBS) warns the public that Crypton Digital, SE, a company whose  registered office is at Staré Grunty 18, 841 04 Bratislava, and the Wexo cryptocurrency platform have not been issued an authorisation to perform any activity which is subject to supervision by Národná banka Slovenska. At the same time, neither the company nor the platform provider are listed in our register as a payment services provider.

We continue to warn consumers interested in investing in the financial market to consider carefully before concluding a contract with a financial services provider and to check the provider against the list of authorised providers listed on the NBS website.

Further information (in Slovak) on the regulation of business in the area of crypto-assets can be found on the NBS website at: http://www.nbs.sk/sk/dohlad-nad-financnym-trhom-prakticke-informacie/upozornenia-a-oznamenia/informacia-narodnej-banky-slovenska-k-regulacii-podnikania-v-oblasti-kryptomien.

Update: 7 July 2020

Since the publication of this press release, Crypton Digital, SE, has revised the information published on the WEXO cryptocurrency platform and the information published in the media on 9 March 2020 which may have given consumers (payment service users) the false impression that the entity in question had been granted an authorisation by Národná banka Slovenska.

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Internet: http://www.nbs.sk

Reproduction is permitted provided that the source is acknowledged.