Suspected Ponzi and pyramid scheme WEWE Global or The Blockchain Era promoting LYOPAY

FMA are aware that WEWE Global (also known as The Blockchain Era) and LYOPAY are offering crypto currency products and services via webinars and public event in New Zealand. We note they are not registered on the Financial Service Providers Register or regulated for providing their services and products to New Zealand retail clients, as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and Financial Markets Conduct Act 2013.

We recommend exercising caution when dealing with these entities.

Entity name:WEWE Global (also known as The Blockchain Era);and LYOPAY
Websites: tbe.io; myblockchainid.io; Ifi.io; cloudminting.co; wewe.global; bit.ly/wewelink;lyopay.com; lyowallet.com; lyobanq.com; lyotrade.com; lyomerchant.com; lyopay.pro; lyotravel.com; lyotechlabs.comor lyoswapbot; t.me/lyoswapbot; lyocredit.io.

*The warning was issued on 8 February 2023 and updated on 13 November 2023