London, UK – In a surprising news, the regulatory agency in Malta, the Malta Financial Services Authority (MFSA) declared that it never gave any approval for principal cloud-based financial platform Arbitly for operations in the country. The Maltese financial regulator stated emphatically that the brand is a cryptocurrency platform based in Malta but nothing can be further from the truth and to stress, Arbitly is not even under the jurisdiction of MFSA.
Arbitly Responds
For the sake of clarification, especially for the sake of investors and well-meaning stakeholders, Arbitly has clarified, that they do not have any headquartered in Malta. Arbitly has hired the virtual location for the company for the mailing address, which is also to do with fulfilling the registration requirement of Malta sometime in the near future. Hence, the headquarters is not physically located in Malta and that point has been made severally. This is also in line with the conventional standards when creating a company.
For anyone in the know regarding blockchain technology and cryptocurrency platforms, there is no need for physical addresses, at least in majority of the scenarios. That explains why Arbitly functions primarily as a cloud-based platform. With the world getting ravaged by a pandemic, teams of the brand work in the remote mode from different locations across the globe.
Even though Arbitly is still working on expanding its frontiers with other jurisdictions, it is still completely dedicated to adhering to all the rules and regulations in any location where it operates. If the prevailing laws of the land require having a physical structure, Arbitly is more than ready.
Final Remarks from Arbitly
The notice from the regulatory agency does not reflect the true status of the brand or how it operates in the jurisdiction. More than anything, Arbitly is fully dedicated to following all the laws put in place by the relevant authorities.
The brand is always poised to working strictly based on world-class standards while also ensuring that the customers and stakeholders get nothing but the very best at all times.
Further information at: https://arbitly.io
Media contact
Company: Arb Signals Ltd.
Contact: David Abraham
Support Contact: [email protected]
Facebook: https://facebook.com/arbitly.io
(Syndicated press content)
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