Reported as a scam / unregulated
Why Paperorcoin is on the register
The website of Paperorcoin lacks licensing details to substantiate its legitimacy. While it provides a company number in the footer, it does not specify the issuing authority, making it difficult to verify the registration. It is important to note that Paperorcoin claims to be based in Anguilla, where forex trading activities are not regulated by the local financial authority. In essence, Paperorcoin is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. Paperorcoin appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.