Fintech & Blockchain
Malta has been established as a pioneering jurisdiction for the emerging blockchain community providing a comprehensive and a solid legal framework regulating distributed ledger technologies (DLT). Maltese Parliament has approved three bills which provide for the introduction of a regulatory framework for blockchain technology.
The trinity of legislation caters for:
- The establishment of a digital innovation authority under the Malta Digital Innovation Authority Act (MDIA)
- Designated innovative technology arrangements under the Innovative Technological Arrangement and Services Act (ITAS)
- Virtual financial asset offerings under the Virtual Financial Asset Act (VFAA)
The DLT Regulation Bills enacted, not only provide legal certainty and increased security to investors and platform developers in the current cryptocurrencies market but, indeed, has reputed Malta to become a location of choice and labelled it as ‘The Blockchain Island’.
Our Firm provides bespoke solutions and assistance in the preparatory stages for compliance with the new blockchain and cryptocurrency laws, the setting up of designed blockchain companies, initial coin offerings (ICO’s) and other virtual financial asset (VFA) offerings and setting up of crypto services providers.