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Screenshot of a breaking news alert e-mail from Q2 2017
Malta financial regulator MFSA has issued a warning regarding cryptocurrency exchange and cloud mining services company Coinspace Ltd, operating from website coinspace.eu.
The MFSA has become aware that the Malta registered company Coinspace Ltd with registered office at Mariah Building, Industrial Estate, Triq Il-Kappar, Mosta, Malta, is offering a range of services related to crypto-currencies, including exchange and cloud mining services and appears to be offering the opportunity to ‘invest’ in the ownership of crypto-currencies.
The MFSA wishes to alert the public that Coinspace Ltd is not licensed or otherwise authorised by the MFSA to provide any investment or other financial services in or from Malta, which are required to be licensed or authorised under Maltese law.
The public should also be aware that any investment opportunities promoted by Coinspace Ltd are likely to be of a risky nature with a high risk of loss of money.
The MFSA strongly advises the public and consumers of financial services that prior to making any investment or entering into any financial services transaction they should ascertain that the entity with whom the investment or transaction is being made is authorised to provide such services by the MFSA or another financial services regulatory authority as applicable.
A list of entities authorised by the MFSA is available from the MFSA website. The MFSA warning against Coinspace can be viewed here.