RATE Group | Malta MFSA Warns of ‘Crypto Car Dealership’ Bitcoin & Autotrader
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Malta MFSA Warns of ‘Crypto Car Dealership’ Bitcoin & Autotrader

08 Oct Malta MFSA Warns of ‘Crypto Car Dealership’ Bitcoin & Autotrader

Posted at 17:05h in Cryptocurrency News by

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The financial markets watchdog in Malta, Malta Financial Services Authority (MFSA), on Tuesday issued a warning against a cryptocurrency brand called Bitcoin & Autotrader.

Bitcoin and Auto Trader online platform, bitcoinautotrader.co, allows users to anonymously sell and buy bitcoins and also trade their cars in for the digital currency. The MFSA says the firm’s physical address is located at 361 Triq l-Imdina, Ħal Qormi QRM 9012, while the platform is owned and operated by someone called Jomic Grech.

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Jomic Grech
Jomic Grech

Malta’s watchdog, however, confirmed that this alleged crypto dealership isn’t a Maltese registered company. Additionally, it said certain activities of the flagged brand falls under the country’s Virtual Financial Assets Act, which provides a set of rules for those operating cryptocurrency-related business.

With significant media attention being drawn towards the fledgling crypto-asset…

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