The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of a number of media articles which have been promoting certain virtual financial asset services providers, exchanges, wallets and other similar VFA services by way of sponsored articles.
The Authority would like to remind consumers to proceed with caution when engaging in financial services. Additionally, the MFSA advises consumers 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.
Financial regulations obliges licensed businesses to comply with strict legal requirements in the interest of investors and the markets. The activities of unlicensed entities are unregulated, making transactions with such entities risky for consumers.
A list of MFSA licensed entities is available and can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-register/.