Malta’s financial regulator, the Malta Financial Services Authority (MFSA), recently announced that it has suspended the operations of Green Feather Online, a cryptocurrency exchange. The suspension was issued due to the company’s failure to comply with the country’s regulatory requirements.

Green Feather Online had been operating in Malta since 2018 and was one of the first exchanges to be licensed by the MFSA. The company had been providing services for trading in cryptocurrencies and other digital assets. However, the MFSA found that the company had failed to comply with several of its regulatory requirements.

The MFSA found that Green Feather Online had failed to implement adequate anti-money laundering (AML) and counter-terrorist financing (CTF) measures. The regulator also found that the company had not been adequately monitoring customer transactions and had not been conducting proper customer due diligence.

The MFSA has ordered Green Feather Online to cease all operations until it has addressed the issues identified by the regulator. The company has been given a deadline of two weeks to comply with the regulator’s requirements. If it fails to do so, the MFSA could take further action, including revoking its license.

The suspension of Green Feather Online is a reminder of the importance of compliance with regulatory requirements for cryptocurrency exchanges. It is essential for exchanges to ensure they are meeting all of the necessary standards in order to protect customers and prevent money laundering and other criminal activities.

The MFSA’s action also serves as a warning to other cryptocurrency exchanges operating in Malta that they must adhere to the regulator’s requirements or face similar consequences. It is essential for exchanges to ensure they are meeting all of the necessary standards in order to protect customers and prevent money laundering and other criminal activities.

The suspension of Green Feather Online is a reminder that cryptocurrency exchanges must take their regulatory obligations seriously. It is essential for exchanges to ensure they are meeting all of the necessary standards in order to protect customers and prevent money laundering and other criminal activities.