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Malta Regulator Flags Unlicensed Crypto Marketing Firm

The Malta Financial Services Authority warned the public against Distributex, an unauthorized cryptocurrency marketing entity. The regulator flagged high-risk features resembling multilevel marketing and pyramid schemes. Zero Regulatory Approval or Registration The Malta Financial Services Authority (MFSA) has issued a warning concerning Distributex, an unauthorized cryptocurrency marketing entity accused of holding recruitment drives and operating…

The Malta Financial Services Authority warned the public against Distributex, an unauthorized cryptocurrency marketing entity. The regulator flagged high-risk features resembling multilevel marketing and pyramid schemes. Zero Regulatory Approval or Registration The Malta Financial Services Authority (MFSA) has issued a warning concerning Distributex, an unauthorized cryptocurrency marketing entity accused of holding recruitment drives and operating […]

Source: https://news.bitcoin.com/regulation-and-legal/malta-regulator-flags-unlicensed-crypto-marketing-firm/