ATVP Warns of Unlicensed Crypto and Securities Activity
On April 7, 2026, Slovenia’s Securities Market Agency (ATVP) issued a public scam warning against Be Club (also known as Better Experience / BE), SageMaster, and TagMarkets. The agency stated that these entities are not authorized to provide crypto-asset services or investment services in Slovenia, violating both the MiCA Regulation (EU) 2023/1114 and Slovenian securities laws, per. No authorization requests have been submitted, making their operations illegal in the country, per.
Key Violations Highlighted
The ATVP specifically accused the platforms of offering DeFi staking and other investment services without the required license. It also noted that the domain registrar for Be Club and SageMaster (NameBright) and TagMarkets (NameCheap) has a high proportion of fraudulent or scam-related websites, raising additional red flags, per.
ATVP strongly advises investors to exercise extreme caution and to consider this warning before engaging with any offers from these entities.
Background of the Scams
Be Club is the latest rebrand of a long-running scheme operated by brothers Monir Islam and Moynul (Moyn) Islam, both former OneCoin promoters. The operation began as Melius in 2018, was rebooted as Be (Better Experience) in 2020, and has since cycled through names like Be Rules and now Be Club. Its latest product, SageMaster, is described as another fraudulent investment scheme.
TagMarkets is believed to be closely linked, functioning as an MLM crypto Ponzi factory. It has been used to funnel victims from previous scams such as Crowd1, Zeus Funding, Exfusion, and Bit1. The platform is reportedly run from Dubai by Jared Esguerra, with purported ties to Colombia through co-founder Kevin Marin.
Widespread International Warnings
In addition to Slovenia, fraud warnings against Be Club, SageMaster, and TagMarkets have been issued by:
- Quebec (2020 & 2026)
- Colombia (2022)
- Norway (2023 & 2026)
- Uruguay (2023)
- Philippines (2023)
- New Zealand (2024)
- Ontario (2025)
- Luxembourg (2025)
- Austria (2025)
- Finland (2025 & 2026)
- Russia (for TagMarkets)
This extensive list shows a consistent pattern of regulatory concern across multiple jurisdictions.
Investor Advice
Investors should treat any offers from Be Club, SageMaster, or TagMarkets with extreme caution. Always verify whether a platform holds proper authorization from your local regulator before investing. Unlicensed crypto and investment schemes frequently result in total loss of funds.
Bitcoin (BTC) and the broader crypto market remain unaffected by this specific warning, but such cases highlight the ongoing risks in unregulated or poorly regulated MLM-style crypto opportunities.
