This warning was first issued on 14 September 2021.
REASON FOR WARNING: The FMA recently became aware of New Zealand residents investing on Himalaya Exchange cryptocurrency trading platform.
Himalaya Exchange is not a registered financial service provider in New Zealand or licensed by the FMA. Legal advisers for Himalaya Exchange in New Zealand have confirmed to the FMA that Himalaya Exchange is not required to be registered or licensed.
Himalaya New Zealand Eden Farm (www.xmlynz.org) is a separate entity that has promoted Himalaya Exchange in New Zealand. Himalaya Exchange have advised that they do not have any connection or association with this entity.
We note the British Columbia Securities Commission has also warned about Himalaya Exchange.
We recommend exercising caution when dealing with this entity.