According to the information held by the MFSA, Libra does not appear to have any connection with the Facebook platform.
In addition, the MFSA also reminds the public that Libra has not obtained a license or other authorization and cannot provide any financial services that require a license or other authorization under Maltese law. In addition, the information available to the MFSA indicates that Libra is likely to be a scam of a dubious nature with a high likelihood of causing loss of funds, so the regulator advises investors not to conduct any business or transactions with this entity.
The MFSA also advises financial services consumers to be particularly cautious when receiving financial services offered through unconventional channels, such as unsolicited phone calls or private messages on social media. The Maltese regulator recommended that consumers should also inform those who are less knowledgeable about financial services, who may be more likely to fall victim to such services.
