MFSA warns against company using fake MFSA license


The Malta Financial Services Authority (MFSA) is issuing a warning against an entity operating under the name of Maxxoin Investment (Europe) Ltd (“Maxxion”).

Maxxion is not a Maltese registered Company nor licensed or otherwise authorised by the MFSA to provide any investment services, VFA services  or other financial services which are required to be licensed or otherwise authorised under Maltese law.

The entity claims that “Maxxoin is a platform where investors are offered an opportunity to gain up 108% ROI when they invest with crypto currencies while the company mines bitcoin using the sophisticated software. We offer deposits and withdrawals via cryptocurrencies, overcoming the biggest hurdle letting investors instantly transact funds. By using cyrptocurrencies instead of fiat, we provide investors instant deposits, lightning fast execution, variety of investment plans and best client support”.

Maxxion is falsely claiming to hold a Category 3 Investment Services licence issued by the MFSA. The Entity is using a falsely drawn MFSA licence document:

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 here.