Blockwave Exchange is encountering criticism, following a public notice issued by the National Securities Market Commission (CNMV) on June 9, 2025, stating that Blockwave Exchange may be supplying financial services without any permission from the CNMV, which raises the question that Blockwave Exchange may be providing services irresponsibly.
False establishment claims and no Regulation
Blockwave Exchange says they were established in 2014 and incorporated in 2020; however, the domain registration date was in 2024, so there appears to be an inconsistency among the stated dates. There is also no mention on its website confirming it has or does have a regulatory license. There is a general trend that a lack of disclosure of regulatory license is associated with entities in a state of unregulated status, which come with an increased risk for investors.
Technical problems and security issues
Blockwave’s Exchange website is being hosted on a shared server, which the site hosts multiple low-rated domains, making the data open to security problems. Additionally, Blockwave Exchange is providing high-risk investment services, which could also include HYIP (High-Yield Investment Programs in offering cryptocurrency trading) services in the absence of convenient controls and protections.
Negative Feedback and Risk Profile
User complaints refer to withdrawal issues and customer service, regardless of no service is given. Blockwave Exchange is under scrutiny. There are numerous aspects that suggest a scam is on the horizon, as indicated by the CNMV warning. In our opinion, Blockwave Exchange is not trustworthy and is possibly a scam.
Frequently Asked Questions
Q1: Is Blockwave Exchange regulated?
No. Blockwave Exchange is not regulated by any recognized financial regulatory organization nor any authorized financial regulatory organization as identified by the CNMV.
Q2: What type of services does Blockwave Exchange provide?
Blockwave Exchange provides crypto and high-risk investment services, likely HYIP related, without any safeguarding or licensing.
Q3: Can I get my money back from Blockwave Exchange?
Yes, you can recover your funds, but the time for action is now.
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