The Malta Financial Supervisory Authority warns!

The Malta Financial Supervisory Authority warns!

Ripple Labs is donating $ 200,000 to help the poor population of Silicon Valley

The donation campaign of crypto companies to help combat the ongoing coronavirus pandemic. Ripple Labs a announced that he will make two donations of $ 100,000 to two charities in Silicon Valley.

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This is the Tipping Point Emergency Response Fund and the Silicon Valley Community Foundation’s COVID Community Fund. The two organizations are dedicated to helping the population living below the poverty line in San Francisco. This category is very affected by the reduction of jobs and the traffic restrictions implemented by the authorities.

Revolut is expanding to the US

Headquartered in London, Revolut has announced that it is expanding its services to the United States. Apple and iOS users in the United States can now access a variety of financial services through the mobile app.

Revolut has accumulated over 10 million customers in Europe since its inception in 2015. The app gives users easy access to financial services with reduced commissions. In Europe, Revolut also offers the option of purchasing and trading cryptocurrencies. For the time being, this service will not be available to US customers.

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The expansion of the company in the US is designed to support the digital economy, which is focused on providing financial services without having to depend on a physical bank.

The Malta Financial Supervisory Authority warns of two unauthorized crypto films

According to CoinDesk, the Malta Financial Supervisory Authority (MFSA) has issued a warning regarding two crypto companies that are not authorized to operate in this jurisdiction. These are “COINMALEX” and “Crypto Foxtrades” exchanges.

“MFSA wishes to warn the public, both in Malta and abroad, that COINMALEX and Crypto Foxtrades are NOT registered, licensed or authorized companies by MFSA to provide crypto exchange services or other financial services that must be licensed or authorized under the law. malts “,

is mentioned in the notification from the official website.

MFSA oversees crypto companies in the region in 2018 and issues warnings whenever it identifies an unauthorized company. The list of licensed companies is published on the website of the supervisory authority.

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