Bitcoin Expected to See Major Price Swings from April 11th Up to 19th

5m
coinidol

Petro Couldn’t Save the Cartel of the Suns Conspiracy From the Sting of Sanctions

5m
cointelegraph

Calm Before The Storm For Bitcoin (BTC)

22m
cryptodaily

Binance Responds to Claims it Stole $1 Million Worth of User Funds

26m
zycrypto

Bitcoin (BTC) Price Predicted to Hit $20,000 in 2020 by BitMEX CEO Arthur Hayes

32m
utoday

If Bitcoin Works in Zimbabwe, It Works Everywhere- CoinDesk

32m
cryptonewmedia

PNXBet Launches Live eSports Category Amid Struggles in the Betting Industry

37m
nulltx

Ripple Rebounds, Faces $0.20500 Resistance

41m
coinidol

Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of ‘Sucker Rally’

1h
cointelegraph

Bybit Hosts Tether Airdrop to Celebrate the Launch of USDT Perpetual Contracts

1h
cryptodaily

Global Stablecoins Could ‘Pose Systemic Risks’ to EU

1h
bitcoinist

Cryptoassets Continue to Buck the Trend, Says eToro Analyst

1h
cryptoglobe

Ethereum Fraud Case: 4000 ETH Recovered By Korean Authorities With the Help of Binance; Know Here!

1h
coingape

Why BitMEX CEO Doubled Down

1h
cryptonewmedia

Economic Recovery Hinges on Coronavirus Antibody Tests: That’s a Big Problem

1h
cryptonewmedia

Bitcoin Cash (BCH) Network Speed Tanks, Cost of 51% Attack Drops to Dangerous Level

1h
utoday

$24 Trillion US Debt: Could This Be Pushing The Bitcoin Price To Astronomical Heights?

1h
zycrypto

The Hash rate takes a hit following BCH halving

1h
cryptodaily

Swiss Bitcoin Fintech Association Announces Tokenized Bitcoin on Tezos Blockchain

1h
bitcoinnews

French Financial Regulator Responds to EU’s Crypto Consultation

1h
cryptonewmedia

Ethereum Surges Ahead, Battles $175 Resistance

2h
coinidol

BTC to INR: P2P Bitcoin Marketplaces Growing in India

2h
cryptonewmedia

Bitcoin Scammers Collect BTC Donations Sent to COVID-19 Victims. Read Warning from Action Fraud

2h
utoday

Texas Regulators Clamp Down on Bitcoin ‘Ultra Mining’ Firm

2h
bitcoinist

Sony and Other Major Multinationals File 212 Blockchain Patents in China in 2020

2h
cointelegraph


Malta Financial Regulator Warns Against Unauthorized Crypto Firms

Malta’s financial regulator has issued warnings against two crypto websites that falsely claimed to be licensed by the nation.

The Malta Financial Services Authority (MFSA) called out the “COINMALEX” and “Crypto Foxtrades” crypto exchanges in twin warnings Wednesday. Both entities had claimed to be licensed, registered or domiciled in Malta, all of which MFSA denied.

COINMALEX’s “about” page features a document purporting to be from the “Malta Business Registry,” a real institution within the small European island state. The document’s letterhead prominently displays the British royal coat of arms. Malta ceased using that icon when it gained independence from Britain in 1964.

Crypto Foxtrades’ “about us” page is more forthright about its alleged Malta ties. It claims to be “licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority.” That is a real category, however MFSA insisted that Crypto Foxtrades is not licensed under it.

“The MFSA wishes to alert the public, in Malta and abroad, that Crypto Foxtrades is NOT a Maltese registered Company NOR licenced or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licenced or otherwise authorised under Maltese law,” MFSA said.

MFSA released a similar statement for COINMALEX.

Crypto Foxtrades and COINMALEX did not immediately respond to requests for comment.

MFSA has been closely policing allegedly Maltese crypto businesses since 2018, issuing warnings wherever and whenever it spotted one claiming phony licensure. Its efforts came to a head in February with the revelation that Binance, one of the world’s largest exchanges, had never operated in Malta and was never regulated by MFSA.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments