Liechtenstein’s Financial Markets Authority has issued a securities fraud warning against Exchange Wallet.

The FMA’s warning pertains to EXW Global AG, with the regulator stating the company “has not been licensed by the FMA”.

In particular, contrary to what is stated on (Exchange Wallet’s) website … it is not permitted to provide banking activities or payment services.

The FMA urgently advises to only do business subject to authorisation with financial firms that are authorised by the FMA or other national authorities.

Liechtenstein’s warning follows similar warnings from Austria and Germany over the past fortnight.