New Zealand’s Monetary Markets Authority (FMA), has “strongly suggest[ed]” promotion of TexitCoin stop nationally.
Citing the Texas State Securities Board’s TexitCoin securities fraud stop and desist issued earlier this month, the FMA
strongly suggest[s] that every one Texitcoin promoters stop any promotional actions in New Zealand as they’re selling high-risk services and products operated by abroad entities that aren’t protected underneath New Zealand regulation.
Based mostly on preliminary evaluation of TexitCoin, the FMA asserts;
Texitcoin’s mining packages could also be thought of monetary merchandise underneath New Zealand regulation, and the related providers might qualify as monetary providers.
These services and products might require Texitcoin to be registered and licensed. Nevertheless, Texitcoin is neither registered nor licensed in New Zealand.
Promotion of unregistered securities is unlawful underneath New Zealand’s monetary legal guidelines.
The FMA’s February twenty fourth suggestion cites TexitCoin, MineTXC, Blockchain Mint, related web sites and founder Robert J. Grey (aka Bobby Grey).
Pending conclusion of TexitCoin’s collapse, which BehindMLM started monitoring in late December 2025, complete investor losses stay unknown.
Within the instant aftermath of TSSB’s fraud warning, TexitCoin’s TXC token plummeted from over 75 cents to 24.6 cents. TXC ix presently buying and selling at 19.1 cents.
