Malta and Italy warn investors of fraudulent cryptocurrency exchange

OriginalCrypto.com states on their site,

“Our mission is to provide the best online investing experience for our clients.”

Malta and Italy’s recent joint warning concerning the service seems to prove otherwise.

In conjunction with the Italian government, Malta Financial Service Authority (MFSA) recently issued a warning on their website stating that they’ve ordered OriginalCrypto.com, an unlicensed cryptocurrency exchange, to cease all operations.

According to an investigation by ScamBitcoin, by falsely affiliating themselves with legitimate industry operations, OriginalCrypto

“has engineered a clever marketing approach to promote their illicit investment services to consumers across the world.”

The website requires a minimum investment of 0.5 bitcoin currently worth about $1,800.

Being often described as one of the “crypto havens,” Malta stands up to its hype through rigorous control measures to ensure all cryptocurrency businesses operate in a safe and fair way, following a set of clear regulations.