Reference is made to the Transitory Period allowed in terms of Article 62 of the Virtual Financial Assets ("VFA") Act ("the Act"), which came to an end on 31 October 2019, wherein entities were allowed to provide VFA services. Following the expiry of the transitory period, entities operating under the transitory provisions had the below options:
(i) If they wished to continue providing VFA services, they were required to submit to the Malta Financial Services Authority ("MFSA") a Letter of Intent to initiate the application process for a VFA Services Licence; or
(ii) If they did not want to continue providing VFA services, they were required to submit a cessation of activities notification to the MFSA in terms of Section 3 of the Circular to Virtual Financial Asset Service Providers.
Following the expiry of the transitory period, the MFSA is aware of a number of entities which have availed themselves of the transitory provisions, thus were providing VFA services, but have failed to submit either the Letter of Intent to initiate the application process for a VFA Services Licence or a cessation of activities notification.
The Authority would like to inform the public in Malta and abroad, that the entities listed below are NOT licensed NOR authorised by the MFSA to provide any VFA services or other financial services nor have they initiated the application process to obtain a VFA services licence:
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A
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H
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A Bit More Limited
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HPX Limited
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B
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Hybrid Trade Limited
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Babylon Services Limited
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Hyperwallet Limited
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Basetrade Limited
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J
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Bayleaf Limited
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Jikji Capital Limited
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Billions X Trading Limited
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K
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BitRoyal Limited
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Krypital Group (Malta) Limited
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Bitstraq Exchange Limited
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Kyon Limited
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Botwallet Limited
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L
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BKX Exchange Limited
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Laser Capital Limited
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BKX Vault Limited
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M
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Blockchain Exchange Limited
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Mandala Exchange Limited
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BTSE Limited
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Manticore Ventures Limited
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C
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Muse Service Limited
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Cbanx Limited
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O
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Chain Partners (Malta) Co. Ltd.
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Odin Capital Limited
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Coin Temple Trading Limited
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OK.NET Limited
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Consensus Technology Malta Limited
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OneZero Binary Limited
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Crypto2Finance Ltd
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OTC Desk Limited
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D
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P
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DAX Malta Ltd
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Palladium Exchange
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DES CT Exchange Limited
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S
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Digital Terminal Limited
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SP Outsourcing Sp. Z o. o.
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DQR-OTC Limited
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S-Project
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DQR-X Limited
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SRG Crypto Exchange Limited
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E
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T
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Etelaranta (Malta) Limited
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Thex Trade Company Ltd
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Eunex M Ltd.
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TimeX Limited
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Exscudo OU
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Trendntrade TNT Limited
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F
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Tsalgood Limited
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Foresight Technology Limited
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V
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G
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VBX Limited
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GL4 Financial Technologies Limited
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Venture Miles (Malta) Limited
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Globiance Exchange Limited
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W
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Graviex Limited
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WeX Blockchain Limited
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GSOC Limited
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Won Limited
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Z
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Zipmex Global Pte. Ltd.
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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.
Financial regulations oblige licensed entities to comply with strict legal requirements in the interest of investors and the integrity of the market. The activities of unlicensed entities are unregulated, making transactions with such entities risky for investors.
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/.