This follows its investigation into Mirror Trading International that led to several raids across the country.

Premises linked to the company – located in Polokwane, Stellenbosch and Durban, were raided by the authority’s officials on Monday.

FSCA executive, Brandon Topham, confirmed the raids - to OFM News - saying it forms part of their investigation.

The cryptocurrency company made media headlines earlier when some of its data was leaked and indicated that they have about R2 billion in investments from clients.

The company is under investigation for promising investors high returns on their investments and possible questionable trading practices.

OFM News