Topic
Financial services & digital assets
MFSA rules, payment and e-money institutions, virtual financial assets and distributed ledger technology.
72 news items and articles, newest first
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Malta Budget 2025 – Financial services and gaming
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The Government will be enacting legislation to continue to increase Malta’s attractiveness in the…
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EU CONSULTATION ON EXTENDING DAC TO CRYPTO-ASSETS AND E-MONEY
The EU Commission has launched a public consultation on a proposal to expand the Directive on Administrative Cooperation, to provide for the exchange of information in the field of taxation to include crypto-assets and…
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SME Fund to Protect Trademarks and Designs
The SME Fund is a new scheme managed by the European Union Intellectual Property Office (EUIPO) and its objective is to financially support SMEs (small and medium sized enterprises) that wish to protect their trademarks…
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Extended deadline for the submission of Financial Account information by Malta Reporting Financial Institutions
Due to the challenging circumstances as a result of the Covid-19 pandemic, an extension for the submission of the report containing Financial Account information relating to the reporting year 2019 has been granted.…
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MFSA Issues Circular to VFA Service Providers
The MFSA has on the 6th September 2019 issued a circular to Virtual Financial Asset Service Providers who are currently benefitting from the transitory provisions in terms of Article 62 of the VFA Act. Such providers…
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Stamp Duty on Transactions or Arrangements Involving Distributor Ledger Technology (DLT) Assets
The Commissioner for Revenue has on the 1st November 2018 issued guidelines to clarify its position on the stamp duty implications of transactions involving the use of DLT assets. Stamp Duty is tax imposed by the DDTA…
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Income Tax Treatment of Transactions or Arrangements Involving Distributed Ledger Technology (DLT) Assets
he Commissioner for Revenue has on the 1st November 2018 issued guidelines to clarify its position on the income tax treatment of transactions involving the use of DLT assets. The type of DLT assets covered by the said…
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MFSA issues document on AML and CFT strategy
On 4th February, the Malta Financial Services Authority issued a document outlining its strategic approach towards AML and CFT supervision, including its implementation of a National AML/CFT Strategy, from a firm’s…
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MFSA reveals ‘Vision 2021’
On the 31st of January 2019, the Malta Financial Services Authority (“MFSA”) revealed its strategy for the next three years in a public press conference. “Vision 2021” sets out the MFSA’s mission and strategic vision,…
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MGA introduces crypto and blockchain in the Gaming Industry
On the 1st of January, 2019, the Malta and Gaming Authority (MGA) initiated the first phase of its Sandbox Framework for the acceptance of Virtual Financial Assets (“VFA”) and the usage of Distributed Ledger Technology…
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MFSA issues a circular to issuers of Virtual Financial Assets
The Malta Financial Services Authority (MFSA) has recently issued a circular to issuers of Virtual Financial assets (VFAs) which is particularly relevant to those: availing themselves of the transitory period under…
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Tax deductions in respect of donations made to the Community Chest Fund
By means of Legal Notice 321 of 2018, the Government of Malta has announced that the rules applicable to tax deductions in respect of donations made to the Community Chest Fund have been extended to donations made up to…
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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 Assets: Income tax treatment of transactions or arrangements involving DLT assetsDuty on…
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MFSA 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 issuers of Virtual Financial Assets. The document covers topics such as general scope and…
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MFSA 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 information on the VFA framework, on the classification of DLT assets, VFA agents, Initial…
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The 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 Virtual Tokens and the use of Innovative Technology Arrangements (ITAs) within the gaming…
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Two new laws related to DLT come into force
By means of Legal Notices 306 and 307 of 2018 the Government of Malta has established the 1st November 2018 to be the date when the Innovative and Technology Arrangements and Services Act, 2018 and the Virtual Financial…
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Circular to persons involved in DLT asset activity and services
The MFSA has on the 20th September, 2018 published a self-explanatory form to serve as a Data Collection Exercise in relation to DLT asset activity and services being carried in or from within Malta and as a…
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MDIA issues Guidance Notes for Systems Auditors
MDIA issues Guidance Notes for Systems Auditors The Malta Digital Innovation Authority (MDIA) issued its first set of guidance notes aimed at assisting Service Providers and Innovative Technology Arrangements (ITA)…
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The VFA Rules for VFA Issuers (4)
The MFSA has on the 30th July 2018 issued a consultation paper on the Virtual Financial Assets rules for issuers of Virtual Financial assets. The closing date for submission was 13th August 2018 and now the MFSA is…
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The VFA Rules for VFA Issuers (5)
The MFSA has on the 30th July 2018 issued a consultation paper on the Virtual Financial Assets rules for issuers of Virtual Financial assets. The closing date for submission was 13th August 2018 and now the MFSA is…
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The VFA Rules for VFA Issuers (6)
The MFSA has on the 30th July 2018 issued a consultation paper on the Virtual Financial Assets rules for issuers of Virtual Financial assets. The closing date for submission was 13th August 2018 and now the MFSA is…
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The VFA Rules for VFA Issuers (7)
The MFSA has on the 30th July 2018 issued a consultation paper on the Virtual Financial Assets rules for issuers of Virtual Financial assets. The closing date for submission was 13th August 2018 and now the MFSA is…
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The VFA Rules for VFA Issuers (3)
The MFSA has on the 30th July 2018 issued a consultation paper on the Virtual Financial Assets rules for issuers of Virtual Financial assets. The closing date for submission was 13th August 2018 and now the MFSA is…
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The VFA Rules for VFA Issuers (2)
The MFSA has on the 30th July 2018 issued a consultation paper on the Virtual Financial Assets rules for issuers of Virtual Financial assets. The closing date for submission was 13th August 2018 and now the MFSA is…
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The VFA Rules for VFA Issuers (1)
The MFSA has on the 30th July 2018 issued a consultation paper on the Virtual Financial Assets rules for issuers of Virtual Financial assets. The closing date for submission was 13th August 2018 and now the MFSA is…
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MFSA Publishes a Consultation Paper Aimed at Raising the Bar for VFA Agents
The MFSA has on the 4th September 2018 published the ‘Consultation paper on Raising the Bar for VFA Agents’, whose main aim is to ensure that only persons with the right competencies and who are appropriately resourced,…
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Consultation Paper on the VFA Rules for VFA Service Providers
The MFSA has on the 31st August 2018 published the ‘Consultation paper on the Virtual Financial Assets Rules for VFA Service Providers’. These Rules will eventually be incorporated as Chapter 3 of the Virtual Financial…
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The VFA Rules for VFA Agents (6)
The MFSA has on the 12th July 2018 issued a consultation paper on the Virtual Financial Assets rules for VFA agents. The closing date for submission was 31st July 2018 and now the MFSA is expected to issue the official…
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The VFA Rules for VFA Agents (5)
The MFSA has on the 12th July 2018 issued a consultation paper on the Virtual Financial Assets rules for VFA agents. The closing date for submission was 31st July 2018 and now the MFSA is expected to issue the official…