The Malta Financial Services Authority has issued a warning against Bitcoin Futures, an entity that appears to be replicating an earlier BTC scam.
The chief financial regulator of Malta has issued another warning to consumers about suspicious crypto-schemes being promoted by Bitcoin Revolution.
VFA agents are required as joint signatories to token sales, with a responsibility to advise those promoting token issues of their compliance obligations under the Virtual Financial Assets Bill and other applicable laws.
The Malta Financial Services Authority (MFSA) is warning the public of what appears to be a cryptocurrency scam called Bitcoin Revolution.
The platform, called Primetradingbot, claimed to offer high-yield BTC investments, and appeared to be targeting unsophisticated investors who still believe the BTC coin has a future, according to the Malta Financial Services Authority.
The Malta Financial Services Authority (MFSA) has now published a Virtual Financial Assets (VFA) Rulebook specifically pertaining to the regulation of Issuers of VFAs under the Virtual Financial Assets Act (VFAA).
The consultation exercise to implement the three virtual currency and blockchain bills into Maltese legislation continues at a fast pace with further developments going on almost on a weekly basis.
Founders Bank has been marketing itself as the world’s first decentralized and community-owned bank, yet the Malta Financial Services Authority (MFSA) said it wasn't aware that the company has been publicly—and illegally—calling itself as a "bank."