The Malta Financial Services Authority (MFSA) is warning against an online trading platform called Bitboosting that claims to be regulated.
Bitboosting claims to be a a regulated “Online trading platform for Forex, Cryptocurrencies, Commodity and Investment place”. However, the MFSA has confirmed that Bitboosting is not a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services, VFA related services or other financial services which are required to be licensed or otherwise authorised under Maltese law.
In fact, information available to the MFSA suggests that Bitboosting is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.