Table of Contents
Introduction
Questra World was a high-yield investment program that promised people who put money into it that they would make a lot of money. The program pretended to be a multilevel marketing (MLM) opportunity and said that people could make money by investing in real estate, finance, and technology, among other things. But it was a multi-level marketing (MLM) scheme.
But the National Bank of Slovakia warned people about Questra World, saying that it had doubts about the program’s legality and legitimacy. The warning was sent out because people were worried about how legal and real the program was. In the next few paragraphs, we’ll talk about the warning that the National Bank of Slovakia put out and how it affected Questra World and the people who owned shares in that company.
Some historical background on Questra World
Questra World was started in 2015, and it quickly became very popular because the company promised investors that they would make a lot of money from their investments. Investors were told that the program was a multi-level marketing (MLM) scheme, and they were promised money for bringing new people into the program. People said that Questra World did well financially because it spent money in many different markets, such as real estate, financial services, and technology.
The program was based mostly on the use of cryptocurrencies, and people who wanted to take part had to pay for their transactions with bitcoin or Ethereum. The program promised daily returns of up to 6%, which was a lot more than what most other investment programs offered. These returns were a lot higher than what the program promised.
Caution from the National Bank of Slovakia
In 2017, the National Bank of Slovakia warned people about Questra World, saying that they had doubts about the program’s validity and trustworthiness. The National Bank of Slovakia gave the warning because it was worried about these things. After looking into how Questra World works, the bank decided to issue the warning because of what they found.
Worried about the lack of accountability
The National Bank of Slovakia was worried about the lack of accountability in Questra World and the possible risks of taking part in the program. In addition, the bank brought up the fact that Questra World didn’t have the right paperwork to do business in Slovakia, which raised more questions about the program’s legitimacy.
Effects on Questra World and its Investors
The National Bank of Slovakia’s warning had a big effect on Questra World and its stockholders. The warning got a lot of attention in the media, which made investors less confident in the program.
Many people who joined Questra World started to doubt that it was real and that they would make as much money as promised. Some people tried to get their money out of the program but were unable to do so. This raised more questions about whether or not the program was real.
Authorities in other countries also paid more attention to Questra World because of how careful people were. In 2018, the Spanish National Securities Market Commission put out a warning about Questra World. They were worried about the program’s lack of transparency and the possible risks of investing in it. The warning was sent out because people were worried about the program’s lack of openness and the possible risks of investing in it.
Lessons Learned
Both the warning from the National Bank of Slovakia and the failure of Questra World show how dangerous high-yield investment programs can be. When looking at programs that promise big returns, consumers should be very careful, because these promises are often not kept.
Consumers should also be wary of programs that focus a lot on multi-level marketing and cryptocurrencies since this could mean that the program is having trouble making money. Before investing in any program, investors should always do a lot of research on it and be ready to lose money.
Last but not least, investors should be aware of how regulations work in their home country and only invest in programs that have been permitted to run there. Most of the time, unlicensed programs break the law and put investors at risk of losing a lot of money.
Conclusion
If you are thinking about investing in high-yield investment programs, you should pay attention to what the National Bank of Slovakia said about Questra World because it is a warning. Investors should always do a lot of research on a program before putting money into it, and they should avoid programs that promise high returns. Avoid at-all-cost programs that promise a lot of money back.
Participants should also be careful with programs that rely heavily on multi-level marketing schemes and cryptocurrencies, and they should be ready to lose money if they do. Last but not least, investors should be aware of how regulations work in their home country and only invest in programs that have been permitted to run there.
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