The Maltese Government has announced that in the coming weeks, Malta will be launching the world’s first legal framework for the creation of a regulatory body to regulate services in the sectors of Blockchain, Artificial intelligence and IOT devices. Malta is currently working together with the industry to come up with a legal framework that satisfies the AML and KYC regulations, without stifling innovation in technology. Malta wants to become a country which would allow investors to invest in this sector, operate within a legal structure and provide services to potential customers who want to make use of new services related to blockchain technology.
ACT News
Malta to regulate the blockchain technology services sector
Keep reading
Related news and articles
Guidelines in Relation to the Taxation of DLT Assets
The Commissioner for Revenue has on the 1st November issued the following guidelines in relation to the tax treatment of DLT…
ReadMFSA issues Chapter 2 of Virtual Financial Assets Rulebook
The Malta Financial Services Authority has published Chapter 2 of the Virtual Financial Assets Rulebook which is applicable to…
ReadMFSA publishes a number of FAQs about the Virtual Financial Assets (VFA) framework
The MFSA has published a document with a number of frequently asked questions in relation to the VFA framework. It provides key…
ReadThe MGA publishes Guidelines on its Sandbox Framework for the acceptance of VFAs and the use of DLT within the Gaming Industry
The Malta Gaming Authority has published details on its Sandbox Framework for the acceptance of Virtual Financial Assets and…
Read