The National Commission for Financial Markets has warned the public about a fraudulent scheme promoted on Telegram that uses a fake document presented as a commission decision authorizing the platform StormGain MD to operate as an operator in the virtual assets and crypto-derivatives market. The authority said it did not issue such a document and that the act circulating publicly is false. The commission also said it currently has no legal powers to authorize virtual asset activities and that Moldova does not yet have dedicated legislation for virtual assets, with the relevant regulatory framework still being developed. It urged citizens to treat online investment offers with caution and to verify claims of licenses or authorizations issued by public institutions, including by checking the official list of entities authorized to provide financial services in Moldova.
National Commission for Financial Markets2026-07-03
Moldova National Commission for Financial Markets warns of Telegram scam using fake authorization for StormGain MD
The National Commission for Financial Markets warned that a Telegram scam is circulating a fake document claiming the authority authorized StormGain MD to operate in virtual assets and crypto-derivatives. The commission said the document is false and stressed that it currently has no legal power to authorize virtual asset activities because Moldova does not yet have dedicated legislation in this area. It urged the public to verify claimed licenses and check the official register of authorized financial service providers.