Beware of scammers impersonating BitBay

The financial market supervisor in Luxembourg, CSSF, issued a warning against Bit-Bay Europe. With high probability we are dealing with the so-called clone BitBay, a legally operating cryptocurrency exchange, registered in Malta.

BitBay cloned?

A confusingly similar name to a cryptocurrency company with Polish roots is not the end of the charges. Bit-Bay Europe, which informs on its website that it deals with intermediation in the quick exchange of cryptocurrencies for fiat currencies, does not have any licenses and permits authorizing it to conduct this type of activity. The registration address in Luxembourg forced the local supervision to react and place the entity on the public alert list.

Interestingly, on the Bit-Bay Europe website, the logo is confusingly similar to ... the Polish Stock Exchange, and the price for 1 BTC is ... EUR 7580 (in fact the market is currently valuing 1 BTC at around EUR 9230).

GPW-like logo. A heavily understated course Bitcoin.

Subject data:

• Name: Bit-Bay Europe
• Web page: bit-bay.org
• Address: 14, Rue Erasme L-1468, Luxembourg
• Email: support@bit-bay.org

Official regulator warning (PDF)

At the moment, the position of BitBay representatives on the activities of the clone company has not yet been published.

New in BitBay

Meanwhile, after the outbreak of the bitmarketwhich projected on BitBay termination of the contract through the payment operator Igoria Trade and the lack of support for transfers in fiat currency for over 1 a month, finally good news appeared. Representatives of the stock exchange announced yesterday about the re-launch of banking transactions for FIAT currencies.

Be sure to read: Review of the BitBay Pro transaction platform