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Bitcoin Scam Outed by Regulators in Malta

Bitcoin Scam Outed by Regulators in Malta – BeInCrypto

The Malta Financial Services Authority has warned investors about yet another Bitcoin investment scam. The platform, Bitcoin Future, has been using images of local public figures to dupe its victims. Whilst Bitcoin’s borderless and censorship-resistant design creates immense possibilities for the future of finance, these features also make the cryptocurrency well-suited for scams. With tales of early investors realizing massive gains from “magic internet money” clouding their judgment, many people fall for the promises of similar returns from even modest investments.