The Luxembourg financial markets’ regulator, Commission de Surveillance du Secteur Financier (CSSF), warns users about a fake BitPay website. The website is impersonating crypto payments provider BitPay in Europe.

BitPay is a payment processor provider of Bitcoin, Bitcoin Cash and, most recently, Ethereum (ETH). The company has a specialization in setting up merchant accounts to accept cryptocurrency payments. The clone website, Bitpay Europe S. A claims to be a payment institution which has got the authority to operate in Luxembourg and supervised by the CSSF. The fake BitPay website is something like this www.bit-bay.org. According to CSSF, it does not know about any entity which is a branch of Bitpay. Thus, it has never granted any authorization to provide payment services in or from Luxembourg.

The establishment of BitPay took place in 2011. The firm already holds a so-called Virtual Currency License from the New York State Department of Financial Services (NYDFS). The coveted license, therefore, lets the company offer clearing and settlement services to merchants who accept or issue crypto payment.

Last month, BitPay suspended its operations in Germany due to the new regulations in the country set to take effect next year. The regulations will require crypto businesses to obtain a license that will be issued by the German regulators. Additionally, the well-known crypto payment provider doesn’t offer its services in many countries. It includes Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Egypt, Germany, Indonesia, Iraq, Kyrgyzstan, Morocco, Nepal, and Vietnam as per the source.