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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The VFA Rules for VFA Agents (4)
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 (3)
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 (2)
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 (1)
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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Consultation Paper on the VFA’s rules for VFA Agents
The Malta Financial Services Authority (MFSA) has issued a consultation document, the purpose of which is to prepare the rules applicable to operators in this new financial services industry relating to Initial Coin…
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Malta Digital Innovation Authority set up with effect from 15 July 2018
By means of Legal Notice 250 of 2018, the Minister for the Digital Economy has established the 15th of July, 2018 as the date on which the provisions of the Malta Digital Innovation Authority Act shall be deemed to have…
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MFSA Publishes the Financial Instrument Test
The Malta Financial Services Authority has recently published the Financial Instrument Test, which will apply to issuers offering DLT assets to the public as well as to individuals providing services in the context of…
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Malta publishes three new laws regulating blockchain
Malta has on the 20th July 2018, published the much awaited innovative legislation regulating blockchain. The three new legislative acts were recently approved by the Maltese Parliament, re-confirming the important role…
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Consultation Paper on the VFAs rules for VFA agents
The Malta Financial Services Authority (MFSA) has issued a consultation document, the purpose of which is to prepare the rules applicable to operators in this new financial services industry relating to Initial Coin…
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MFSA Issues a Consultation Paper on VFA Regulations
The Virtual Financial Assets Act (‘VFAA’) grants the Malta Financial Services Authority (MFSA) the power to make regulations to give effect to the provisions of the said Act. The MFSA has just published a consultation…
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The Financial Instrument Test Under the Virtual Financial Assets Act, 2018
By means of three (3) bills dated 22nd May, 2018, the Government of Malta has published the legislative framework that is being proposed to regulate, amongst others, initial coin offerings, cryptocurrency exchanges and…
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Taxation of Maltese Retirement Funds and Schemes
Introduction The Maltese tax authorities have issued guidelines with respect to the taxation of Maltese retirement funds and schemes, as well as the taxation of beneficiaries of retirement income from such schemes. The…
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Malta Government publishes three Distributed Ledger Technology (DLT) bills
The Malta Government has recently published three bills which when enacted in Parliament will implement a framework for Distributed Ledger Technology (DLT). The Malta Digital innovation Authority Bill is to provide for…
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Cabinet approves three bills related to DLT
The Government has announced that on the 24th of April 2018, the Cabinet has approved the three bills related to Distributed Ledger Technology (‘DLT’). The three bills consist of: The Malta Digital Innovation Authority…
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MFSA releases Consultation Paper on the Financial Instrument Test
In its discussion paper on Initial Coin Offerings (ICOs), Virtual Currencies and Related Service Providers, the MFSA had proposed a “Financial Instrument Test” in order to determine whether a Distributed Ledger…
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Another company in the blockchain sector to move to Malta
DQR Group, which is a major player in the blockchain sector will be establishing its headquarters in Malta. The company said it will create around 200 jobs in Malta. It currently employs around 65 employees and has…
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Leading multi-cryptocurrency company OKEx is expanding to Malta
OKEx, a leading digital asset exchange that provides global users with a robust digital-asset-only exchange and currently offers token-to token and futures-like trading will be moving to Malta. The company is currently…
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European Commission launches the EU Blockchain Observatory and Forum
The Commission has recently launched the EU Blockchain Observatory and Forum with the support of the European Parliament. This Forum will highlight key developments of the blockchain technology, promote European actors…
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MGA publishes a consultation document on a Sandbox Environment for DLT and VCs
The Malta Gaming Authority has issued a consultation document which provides guidance on the use of Distributed Ledger Technology and on the acceptance of Virtual Currencies through the implementation of a Sandbox…
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Distributed Ledger Technology – Malta Legislative Framework
On 16th February 2018, the Government of Malta launched a consultation period on the establishment of an Authority to be known as the Malta Digital Innovation Authority (MDIA) and the framework for the certification of…
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Initial Coin Offering (ICO) Malta
Malta has always been on the forefront of technology and innovation. In the past months, a number of initiatives have been launched, aimed at establishing an innovative and attractive regulatory framework for entities…
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Malta issues a new regulatory framework for collective investment schemes using virtual currencies
The Malta Financial Services Authority has published new rules regulating collective investment schemes using virtual currencies. The regulatory framework being presented will be the first of its kind, making Malta the…
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Malta to regulate the blockchain technology services sector
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,…
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MGA issues call for interested parties to register their interest on DLT and/or Cryptocurrency projects
The Malta Gaming Authority (MGA) is continuously analysing ongoing developments in the fields of Distributed Ledger Technology (‘DLT’) and cryptocurrencies including their application in various technology and…
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Tax deductions for donations made to the Malta Community Chest Fund (MCCF)
With effect from year of assessment 2015, a deduction against taxable income was introduced in respect of cash donations of not less than €2,000 made by companies to the Malta Community Chest Fund. The donation would be…
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MFSA on investments in virtual currencies
The MFSA is currently considering the manner in which rules may be issued to ensure market integrity and protection to the investor in the context of investments in virtual currencies. The MFSA has thus issued a…
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Securitisation
Securitisation allows the conversation of an illiquid asset to cash and provides an efficient access to capital markets. The regulatory regime set forth by the Securitisation Act, Chapter 484 of the Laws of Malta has…
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Incentives for Malta’s capital markets
By means of ACT XVI of 2017, the Government of Malta has implemented the Budget measures for the financial year 2017 in which a number of fiscal incentives and measures targeted towards attracting local and foreign…
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Malta as an International Financial Services Centre of Repute
Malta has over the past years managed to attract a considerable amount of investment on the basis of its legal and regulatory framework, lower costs of production and labour costs, effective taxation, geographical…
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MALTA – An ideal Jurisdiction for UK Financial Services firms post Brexit
Theresa May has confirmed on the 17th of January 2017 that the UK plans to leave the Single Market. This position is based on a pragmatic acknowledgement by the UK that the EU will not alter its fundamental position…