Armenia's Central Bank warns public over three entities

Armenia’s Central Bank has issued a warning about three entities, DaoBit, Orbis/Orbis Exchange and GKGD, saying they are publicly offering high-return investment schemes without a license.

In a statement on Monday, the CBA said none of the companies has authorization to provide financial services in Armenia and operates outside its supervision.

The Central Bank urged the public to remain vigilant and to use only licensed financial institutions to avoid fraud and potential financial losses.