MFSA Warning - Nitro Software Technologies Ltd/NitroEx – Unlicensed Entity
OCTOBER 27, 2022

The Malta Financial Services Authority (“MFSA”) has become aware of an entity named Nitro Software Technologies Ltd that is operating under the name of NitroEx (“the Entity”) and which has an internet presence at The Entity purports to be a cryptocurrency exchange based in Malta that has been granted a Virtual Financial Assets license by the MFSA.

The MFSA wishes to alert the public that NitroEx/ Nitro Software Technologies Ltd is NOT licensed or otherwise authorised by the MFSA to provide any VFA services or other financial services which are required to be licensed or otherwise authorised under Maltese law. The public should therefore refrain from entering into any transactions or otherwise dealing with the above-mentioned entity on any matters falling within the parameters of the Virtual Financial Assets Act, Chapter 590 of the Laws of Malta.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator.  Investors are advised to be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at as soon as a suspicion arises.