Grace Tomas
Member
I actually read a similar write up before, and what I noticed is that many of these safety analysis platforms tend to aggregate warnings from different regulators and then form a recommendation. So when they say something is not regulated by a top tier authority, it usually means they could not find licensing in major jurisdictions.I also Came across another piece and thought it was worth adding here for context. Sharing a screenshot from a broker safety analysis article that discusses LyoPay and WEWE Global.
View attachment 1586
It is written by someone presenting themselves as a brokerage safety expert, and the main takeaway is that they do not recommend involvement based on regulatory data and warning lists. The article specifically mentions that the project is not regulated by what they call a top tier regulator, and that their conclusions are based on publicly available regulatory sources.
What caught my attention is that it is not just a random blog post, it is framed as analysis using regulatory data. Still, I am curious how much weight we should give to this kind of source compared to official notices like the FMA one.
In the case of LyoPay and WEWE Global, this seems consistent with what we saw from the New Zealand FMA. It does not necessarily prove anything beyond lack of registration in certain places, but when multiple sources converge on that same point, it becomes harder to ignore. At the same time, I would still like to see direct clarification from the companies themselves. Third party analysis can only go so far without official responses.
