While the Blockchain and Cryptocurrency bills were passed into law on Friday 20th July 2018, the Malta Financial Services Authority (MFSA) advised that the framework for these laws was still in a creation phase.To aid this exercise, the MFSA initiated a consultation phase to gather stakeholders’ opinion on the new Acts and ensure that they […]
June 2018 – the text of the Fifth Money Laundering Directive (EU/2018/843) (“5AMLD”) was published in the Official Journal of the EU and Malta approved three distributed ledger technology (DLT) and crypto-related acts.How will the Fifth Money Laundering Directive and the three DLT and Crypto acts co-exist?With great foresight and a commitment to living up to the name “Blockchain […]
The Malta Gaming Authority (MGA) has issued a notification regarding persons holding responsibility for key functions within a gaming company.One of the salient changes which shall be brought about by the new Gaming Act, as of 1 August 2018, is that licensees are required to identify the persons responsible for the key functions as defined […]
On the 12th of July, the Malta Financial Services Authority (MFSA) published for consultation the Virtual Financial Assets (VFA) Rules for VFA Agents. Following the positive feedback received on the proposed introduction of a new legislative framework regulating Initial Coin Offerings (‘ICOs’) and the provision of certain services in relation to virtual currencies, the MFSA […]
On the 12th of July 2018 Identity Malta have issued a statement whereby it has been advised that changes are being made to the single permit process, that is, the work and residence permit required for third country nationals to enable them to live and work in Malta. It has been stated that Identity Malta […]
Malta has confirmed itself as the Blockchain island as on 4th July, 2018 it passed three bills that establish a regulatory framework for Blockchain technology into law. The three bills include Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act.This new law will put investors’ mind […]
The Malta Gaming Authority (MGA) has published its Annual Report and Financial Statements for the financial year ending 31 December 2017. The report includes an overview on MGA’s activities and work performed especially those related to the new Gaming Act coming into force this year and on compliance systems.Other topics covered in the report are […]
