Malta Disputes Crypto Arbitrage Hub Arbitly's Registry Claims
Arbitly's crypto licensure and registration claims are bogus, according to Malta's financial regulator.
Oct 1, 2020 at 4:10 p.m. UTCUpdated Aug 19, 2021 at 4:42 a.m. UTC
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Malta's Financial Services Authority (MFSA) is calling out Arb Signals LTD, which describes itself as a cryptocurrency arbitrage trading platform, for claiming to be registered in Malta.
STORY CONTINUES BELOW
- Arb Signals, otherwise known as Arbitly, "is NOT a Maltese registered Company NOR licensed" to handle crypto in Malta, MFSA said Thursday.
- Arbitly's website describes a platform that does away with other crypto exchange's "remarkable market problems."
- It also claims the business is registered at a "beautiful office in central Malta." Maltese authorities say otherwise.
- Arbitly did not immediately respond to CoinDesk requests for comment.
- MFSA routinely flags bogus claims by crypto brokers.
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