Tag: Malta

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Malta begins public consultation on revised crypto rules to align with MiCA

Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA, which comes into effect in December 2024. Malta’s Financial Services Authority (MFSA) has begun public consultation over changes in its crypto regulations in order to align with Europe’s Markets in Crypto-Assets (MICA) regulations set to take…
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Malta financial watchdog approves Iconic’s crypto index fund for stock market listing

Iconic Funds claims its index fund will be Europe’s first with direct exposure to crypto assets listed on a regulated market. The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange. In an Wednesday announcement, Iconic Funds said it expected to…
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Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New Regulations

Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in Europe, is now…
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Crypto.com becomes first cryptocurrency platform to receive MFSA Class 3 license

Under the Class 3 VFA license, Crypto.com can provide custodial services and execute orders on behalf of other persons. Crypto.com, the popular mobile platform for buying and selling digital assets, has become the first cryptocurrency company to receive Malta’s Class 3 Virtual Financial Assets license. The license was granted by the Malta Financial Services Authority,…
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Institutionalize crypto markets now: There must be compliance controls

Digital asset markets are subject to various regulations worldwide, but which are the most suitable for the crypto space at the moment? Thanks to regulatory uncertainty from the United States Securities and Exchange Commission and a hodgepodge of state licensing requirements, the development of crypto trading in the U.S. remains stuck in the backwaters of…
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Why technology assurances are a must for crafting EU crypto regulation

Why we need regulatory frameworks in the crypto space, with a focus on regulating the financial aspects of cryptocurrency-based operations. When Malta set out to provide a regulatory framework for the cryptocurrency sector, policymakers and advisers recognized how blockchain, distributed ledger technology and smart contracts, as well as related technologies, imposed new challenges to providing…
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Scratch ‘Blockchain Island,’ Malta Now Wants to Become a Digital Enclave

Malta is taking a more holistic approach to its digital economy, combining blockchain with other “niche sectors.” The Maltese government is continuing to break away from its once-prominent blockchain agenda, as it intends to take a more holistic approach toward digital economy development. In a recent interview with Cointelegraph, Kearon Bruno, chairman of Digital Economy…
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Crypto Exchanges Speak Out as Binance Takes CoinMarketCap’s Top Spot

Binance taking the top spot on recently purchased CoinMarketCap has raised concerns among executives from other top crypto exchanges. For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at…
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April Fools, Celebrity Scams, & Manipulated Markets: Bad Crypto News of the Week

Check the bad crypto news of the past week. Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer. In…
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University Students Harness Blockchain for Elections Amid Lockdown

Malta University used a voting Dapp built by students to conduct elections in spite of the coronavirus lockdown. Students enrolled in the University of Malta’s Blockchain and Distributed Ledger Technologies masters program have built a decentralized application (Dapp) that has been used for voting in upcoming student representative elections, per a March 28 press release.…
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