Malta:
MFSA Issue Discussion Paper On Icos, Virtual Currencies And Related Service Providers
05 December 2017
GVZH Advocates
To print this article, all you need is to be registered or login on Mondaq.com.
Following the issuance of a Consultation Document on the
Proposed Regulation of Collective Investment Schemes Investing in
virtual currencies, the Malta Financial Services Authority
("MFSA") has now issued a discussion paper on Initial
Coin Offerings ("ICOs"), Virtual Currencies
("VC") and Related Service Providers. The discussion
paper is the first step which will lead to the formulation of a
policy to be adopted by the MFSA for the regulation of ICOs, VCs
and service providers involved in ICOs and/or other VC activity,
which policy will support the innovation and new technologies for
financial services in the area of VCs whilst ensuring effective
investor protection, financial market integrity and financial
stability.
The MFSA have invited all interested parties to provide it with
their views on the matter by no later than 11th of
January 2018.
This development contrasts with the recent decision of one of
Malta's main local banks which indicated that it will not to
allow its clients to purchase cryptocurrencies.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Technology from Malta
Crypto Bull Run
MK FINTECH PARTNERS LTD
Have been following the recent Crypto Bull Run? In this article, Max Frilot provides a brief but well-rounded explanation of the bull market together with expert advice and predictions of what that means for the future of cryptocurrencies and crypto markets.
EU Artificial Intelligence Act
George Z. Georgiou & Associates LLC
In a groundbreaking move in early December, the European Council and the European Parliament reached a provisional agreement on the text of the EU's new Artificial Intelligence Act, ...
Crypto Regulation In Offshore Jurisdictions
MK FINTECH PARTNERS LTD
In this article, Max Frilot outlines crypto regulation in offshore jurisdictions. Specifically, in the Seychelles, the British Virgin Islands (BVI), and the Cayman Islands.
Fintech: An Offshore Perspective
Harneys
FinTech lending is a decentralised form of lending which relies on technology and digital solutions to facilitate the process of soliciting applicants...