Tista' taqra bil- Malti.
57 firms have not applied to get fully licensed to provide crypto- and blockchain services despite the transitory period allowed by the Malta Services Financial Authority.
In a statement, the financial watchdog issued a warning regarding unlicenced VFA companies saying that despite the transitory period provided for in Article 62 of the Virtual Financial Assets Act which came to an end on 31 October 2019 and gave entities to the possibility to start the process to get officially licensed and continue providing services, 57 such entities have not initiated the process.
Entities were required to submit a Letter of Intent to initiate the application process for a VFA Services Licence or submit a cessation of activities notification in case they did not want to continue providing VFA services.
After the official deadline expired, the financial watchdog became aware of a number of entities which had availed themselves of the transitory provisions and 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 MFSA issued a notice listing the entities that were not licensed nor authorized by the financial watchdog to provide any VFA services or other financial services nor had they initiated the application process to obtain a VFA services licence.
| A | H |
| A Bit More Limited | HPX Limited |
| B | Hybrid Trade Limited |
| Babylon Services Limited | Hyperwallet Limited |
| Basetrade Limited | J |
| Bayleaf Limited | Jikji Capital Limited |
| Billions X Trading Limited | K |
| BitRoyal Limited | Krypital Group (Malta) Limited |
| Bitstraq Exchange Limited | Kyon Limited |
| Botwallet Limited | L |
| BKX Exchange Limited | Laser Capital Limited |
| BKX Vault Limited | M |
| Blockchain Exchange Limited | Mandala Exchange Limited |
| BTSE Limited | Manticore Ventures Limited |
| C | Muse Service Limited |
| Cbanx Limited | O |
| Chain Partners (Malta) Co. Ltd. | Odin Capital Limited |
| Coin Temple Trading Limited | OK.NET Limited |
| Consensus Technology Malta Limited | OneZero Binary Limited |
| Crypto2Finance Ltd | OTC Desk Limited |
| D | P |
| DAX Malta Ltd | Palladium Exchange |
| DES CT Exchange Limited | S |
| Digital Terminal Limited | SP Outsourcing Sp. Z o. o. |
| DQR-OTC Limited | S-Project |
| DQR-X Limited | SRG Crypto Exchange Limited |
| E | T |
| Etelaranta (Malta) Limited | Thex Trade Company Ltd |
| Eunex M Ltd. | TimeX Limited |
| Exscudo OU | Trendntrade TNT Limited |
| F | Tsalgood Limited |
| Foresight Technology Limited | V |
| G | VBX Limited |
| GL4 Financial Technologies Limited | Venture Miles (Malta) Limited |
| Globiance Exchange Limited | W |
| Graviex Limited | WeX Blockchain Limited |
| GSOC Limited | Won Limited |
| Z | |
| Zipmex Global Pte. Ltd. |
Consumers of financial services were reminded not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction was being made was authorized 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.
