• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Join Lightchain AI
No Result
View All Result
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
How Many People Actually Have At Least 1 Bitcoin?

Bittrex Leaves Malta Amid New AML Regulations, Coincidence?

Anatol Antonovici
by Anatol Antonovici
6 years ago
·
Posted in Uncategorized, Bitcoin Exchange, Companies, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Leading crypto exchange, Bittrex, announced that it was leaving Malta last week and setting up new headquarters in Liechtenstein. According to a market onlooker, the relocation has taken place around the same time the Maltese government has announced plans to tighten its money laundering policy for cryptocurrency businesses.


Malta to Actively Monitor Crypto Businesses

Coincidence or not, one month before Bittrex’s move the Malta Financial Services Authority (MFSA) announced new plans to update crypto regulations that will allow the watchdog to actively monitor exchanges and other firms to prevent money laundering.

The update is part of a strategic plan for 2019-2021. During this period, the MFSA hopes to improve the entire regulatory approach across all sectors.

The document reads:

Whilst Malta has taken unprecedented steps in bringing blockchain and crypto technology into the regulatory fold, we understand that such innovations present challenges in the prevention of money laundering and terrorism financing. Hence, at the MFSA we will be striving to modernise our regulatory approach to be prepared and be a step ahead of industry developments.

Some online commentators made the connection between Malta’s tighter monitoring and Bittrex’s restructuring.

Bittrex is moving its headquarters from #Malta to Liechtenstein

This after Maltese Financial Regulator said that it will "actively monitor" licensed #cryptocurrency businesses in the country to prevent money laundering#crypto #bitcoin #trading #news #cryptonews #blockchain

— OspreyFX (@OspreyFx) October 22, 2019

Bittrex is now moving to Liechtenstein, and will be closing its Malta office as of today. As part of the reorganization, Bittrex International, which operated out of Malta, is being replaced by a new exchange called Bittrex Global.

The latter has set up its new headquarters in Liechtenstein, a widely regarded ‘crypto friendly’ jurisdiction. Customers will be able to seamlessly move their accounts from one exchange to another once the move is complete.

According to attorney Tal Itzhak Ron, Chairman and CEO of Tal Ron, Drihem & Co., Law Firm, who represents many companies in the Crypto and Financial Entertainment sectors, the practice of obtaining multiple regulations, and sometimes relocating between them, has become very common in the last two years in the Crypto space.

We see this practice also in financial websites which have moved their operations out of Australia/ASIC – we have got them licensed in Cayman, Vanuatu and the Bahamas; even in the online gambling sectors, one can see operations shifting between Maltese, Curacao and other jurisdictions quite commonly.

Lawyer Ron adds,

There is no problem with operations that have several licenses and jurisdictions and shift between those, as long as they are fully compliant with the regulations of their jurisdiction and the jurisdictions they are operating in

Bittrex Moves $440M Worth of BTC in Single Transaction

Interestingly, Twitter user Whale Alert notified that Bittrex moved hundreds of millions in crypto funds to unknown wallets. The receiving addresses are most likely the exchange’s new wallets. One of the transactions was huge, amassing over 43,500 Bitcoin worth more than $414 million USD.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 43,653 #BTC (414,139,256 USD) transferred from #Bittrex to unknown wallet

Tx: https://t.co/6nBp6BiXL6

— Whale Alert (@whale_alert) October 28, 2019

Besides that, Bittrex moved a further 5,000 BTC in another transaction, along with $127 million in Ethereum and over $90 million in XRP in three tranches of about 100 million XRP each.

In total, Bittrex transferred nearly $700 million worth of crypto funds, suggesting that it moved about 0.27% of the entire crypto market, whose capitalization is about $251 billion as of today.

Nevertheless, the exchange called for calm, assuring clients and the crypto community that the funds were safe.

Today we will be moving funds between our cold and hot wallets.

⏰ There is no need to be alarmed
💸 This is a known movement of funds
🔒 Your funds are safe

— Bittrex (@BittrexExchange) October 28, 2019

What do you think about Bittrex’s decision to leave Malta? Share your thoughts in the comments section below!


Images via Shutterstock, Twitter: @OspreyFx, @whale_alert, @BittrexExchange

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anatol Antonovici

Anatol Antonovici

Follow

Full Profile

Related Posts

Meta

Meta Not Done With Crypto—Stablecoin Strategy Back On The Table

2 days ago
Why is Crypto Going Up Today? Top Altcoins to Buy Before It’s Too Late

Why is Crypto Going Up Today? Top Altcoins to Buy Before It’s Too Late

3 days ago
Worldcoin

Worldcoin Collapsing? Two Nations Ban Biometric Crypto Project

6 days ago
Bitcoin

Big Bitcoin Plan: Metaplanet Heads To Miami With $250 Million BTC Strategy

1 week ago
Trump

Little-Known Company’s Trump Coin Bet Ignites Massive Stock Rally

1 week ago
auhinnamäng

Auhinnamäng Eestis – Aga kas oled proovinud Jemlit üllatuskaste?

2 weeks ago
Please login to join discussion

Premium Sponsors

Top Brands

mBit
mBit
BNBInfinity
BNBInfinity

Press Releases

  • Coinfest Asia, the World’s Largest Crypto Festival...

    8 minutes ago
  • KixaMiner

    Behind BTC’s Soaring Price: How Cloud Mining Becomes the...

    32 minutes ago
  • Why Staking Is the Best Way to Invest When the Market Is...

    1 hour ago
  • How to Effortlessly Make $23,803 Per Day Through ZA Miner...

    2 hours ago
  • Beginner-Friendly Mobile Mining in 2025: 6 Verified Cloud...

    3 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Join Lightchain AI

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.