The Malta Financial Services Authority has issued a warning about an entity operating under the name of Bitcoin Revolution which is known to have an internet presence at and several other websites.

It also promotes itself by means of adverts and pages on various social media platforms linking the website to various prominent local personalities without their consent. Moreover, the website falsely reports profits made by these individuals.

The MFSA said that no persons were currently authorised under the Virtual Financial Assets Act (Chapter 590 of the Laws of Malta) as at today.

"Bitcoin Revolution is NOT a Maltese registered company NOR licensed or otherwise authorised by the MFSA to provide any investment or other financial services which are required to be licenced or otherwise authorised under Maltese law," it said in a warning.

The MFSA said information in its possession suggested that Bitcoin Revolution was likely to be an international “get-rich-quick” cryptocurrency scam and that the public should refrain from undertaking any business or transactions with Bitcoin Revolution.

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