Malta’s Financial Watchdog Warns Global Investors Against ‘Bitcoin Revolution’ Scam

The Malta Financial Services Authority has warned global investors against a scam scheme known as Bitcoin Revolution.

The Malta Financial Services Authority (MFSA) has issued a warning against an alleged global scam scheme known as “Bitcoin Revolution,” according to an official document published today, Jan. 25.

According to the Maltese regulator, the alleged crypto scam represents a typical get-rich-quick scheme, and operates through the website and several other unnamed websites.

The fraudulent entity also reportedly promotes its scheme by using advertising on unspecified social media platforms that redirects users to pages containing a number of prominent local personalities that claim to make large profits from crypto investments. The warning statement notes users are redirected to those pages without their consent.

The MFSA has stressed that to date no entity is authorized under its Virtual Financial Assets Act (VFA), which was passed in July 2018 to date. The financial watchdog further emphasized that Bitcoin Revolution is neither registered in Malta nor is licenced to provide financial and investment services there.

Following a warning note urging global investors to carefully review a certain financial service operator before investing, the MFSA provided a list of entities licensed by the MFSA that is available on the official website of the regulator.

The Bitcoin Revolution scam was first reported by a number of Maltese local personalities on Jan. 10. According to local media sources, the Bitcoin Revolution scheme was initially found on a website called Major News, depicting two hosts in a local show who claimed that Maltese actor and TV star Davide Tucci turned his 250 euro deposit to 483 euro “within three minutes” by using Bitcoin Revolution.

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Important notice: Almost all online business are temporary only & it may be become scam at any point of the time, Hence, I/we request those who want to invest their hard earned money in that.. Please verify yourself before you invest & you are the only responsible for your own money..the website owner ( are not responsible for any lose, profit or scam. Admin *** महत्वपूर्ण सूचना: लगभग सभी ऑनलाइन व्यवसाय अस्थायी हैं और यह समय के किसी भी समय घोटाला हो सकता है, इसलिए / मैं उन लोगों से अनुरोध करता हूं जो अपनी कड़ी मेहनत के पैसे का निवेश करना चाहते हैं .. कृपया निवेश करने से पहले अपने आप को सत्यापित करें और आप आपके खुद के पैसे के लिए ही जिम्मेदार हैं .. वेबसाइट के मालिक ( किसी भी खो, लाभ या घोटाले के लिए जिम्मेदार नहीं हैं। व्यवस्थापक