Malta's government has released a new warning about a cryptocurrency margin trading site.
In addition, the MFSA noted that StocksBTC "appears to be offering investment and/or other financial services to consumers." As part of its warning, the regulator noted that Stocksbtc is not "licensed or otherwise authorised by the MFSA to provide any type of financial services which are required to be licensed or otherwise authorised under Maltese law."
The statement continued:
The MFSA has taken a largely cautious approach to the cryptocurrency space to date, and today's warning is the first related to cryptocurrency since it put out a general advisory on last July.
The warning comes just over two months after the MFSA released feedback for its new cryptocurrency rulebook, which was released at the end of January, as previously reported. Even still, crypto businesses are eyeing the country for relocation – late last month, cryptocurrency exchange Binance announced that it would open an office in Malta.
Editor's note: This article has been updated to reflect the new rulebook has been released.
Malta flag image via Alexandros Michailidis / Shutterstock
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