We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Read More

SUBSCRIBE TO OUR MAILING LIST


Log in

MFSA Warning - Legit Crypto Option or Citizen Crypto Mining FX – Unlicensed Entity

15 Jul 2021 09:00 | Anonymous
The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Legit Crypto Option or Citizen Crypto Mining FX (“the Entity”) which has an internet presence at https://007cryptooption.com/index.html. From information available to the MFSA, the Entity claims to be “authorized and regulated by MFSA as a MiFID firm and holds a Category 3 Investment Services Licence”.
The MFSA wishes to alert the public that the Entity is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.
Furthermore, information available to the MFSA suggests that the Entity is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from entering into any transactions or otherwise dealing with the above-mentioned company or individual on any matters falling within the parameters of the Investment Services Act, Chapter 370 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 should also 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.
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 as soon as a suspicion arises.
               
SUBSCRIBE TO OUR MAILING LIST

Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

E-mail: info@miamalta.org

Tel. +356 2258 1900

© MALTA INSTITUTE OF ACCOUNTANTS, 2021  Privacy policy