“Portraying this sector as one which is not subject to adequate supervision is not a reflection of reality and does not do justice to the work and efforts of the MFSA and VFA Agents,” said the VFA Agents Business Unit.
Malta is an island country in southern Europe. It is one of the smallest states in terms of area and population, with 317 square kilometers of territory and 460,000 citizens. Malta is one of the richest states in terms of GDP per capita, having an innovation-driven, advanced, highly industrialized and service-based economy. Malta has no Bitcoin regulations. There are no restrictions on exchange, mining, trading and investing in Bitcoin in Malta. Also, Malta has no issued Bitcoin tax. The Maltese government sees cryptocurrency and blockchain as promising and useful technologies that should be promoted and studied. Joseph Muscat — the prime minister of Malta — announced an approved national strategy for Bitcoin and blockchain technology promotion. The Maltese government especially focuses on blockchain immutability and decentralization for information storage.
The Financial Action Task Force, a membership body of 37 jurisdictions and two regional organizations, has flagged Malta’s initial push to attract cryptocurrency business as “problematic.”6838
Under the Class 3 VFA license, Crypto.com can provide custodial services and execute orders on behalf of other persons.16973
Malta’s plan to become a"‘blockchain island" appears to have stalled, with few retail banks indicating a willingness to work with crypto firms.6885
The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018.8033
Digital asset markets are subject to various regulations worldwide, but which are the most suitable for the crypto space at the moment?5223
Why we need regulatory frameworks in the crypto space, with a focus on regulating the financial aspects of cryptocurrency-based operations.4754
Malta is taking a more holistic approach to its digital economy, combining blockchain with other “niche sectors.”7746
Binance taking the top spot on recently purchased CoinMarketCap has raised concerns among executives from other top crypto exchanges.21811
Check the bad crypto news of the past week.3241
Once the go-to place for crypto and blockchain firms, is the “blockchain island” of Malta being hollowed out?8114
Malta University used a voting Dapp built by students to conduct elections in spite of the coronavirus lockdown.2473
Malta’s financial watchdog issued a public warning on two crypto exchanges that claim to have license to operate.5681
What is it like to be the CEO of a crypto exchange? Check out our latest documentary to find out!3965
Will Malta continue to be a “blockchain island” or has it lost its way to the top of the ledger?11561