Cryptocurrency Q&A
Is bitcoin Revolution registered in Malta?
Is bitcoin Revolution registered in Malta?
SolitudeNebula
Wed Oct 02 2024
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7 answers
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Excuse me, could you clarify whether Bitcoin Revolution is indeed registered in Malta? I'm curious to know if they have established a legal presence in that jurisdiction, as Malta has been known to embrace blockchain technology and cryptocurrencies with open arms. It would be interesting to see if Bitcoin Revolution has taken advantage of Malta's favorable regulatory framework for the industry.
7 answers
KatanaBlade
Fri Oct 04 2024
This lack of authorization underscores the risks associated with investing in or transacting with unlicensed cryptocurrency platforms, as they may not adhere to the same standards of transparency, security, and investor protection as licensed entities.
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JejuSunshineSoul
Fri Oct 04 2024
Specifically, the MFSA has highlighted that as of the present date, no entity has been granted authorization under the Virtual Financial Assets Act (VFA), enacted in July 2018.
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EnchantedNebula
Fri Oct 04 2024
This legislation was designed to provide a regulatory framework for the growing cryptocurrency sector in Malta, ensuring transparency and investor protection.
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Giuseppe
Fri Oct 04 2024
The MFSA's statement underscores the importance of compliance with its regulations and the need for proper licensing before offering financial and investment services related to virtual financial assets.
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MountFujiMystic
Fri Oct 04 2024
In light of this, the watchdog has emphasized that Bitcoin Revolution, a cryptocurrency-focused platform, is neither registered in Malta nor licensed to provide financial and investment services there.
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