MFSA Publishes Financial Instruments Test

The MFSA has published the Financial Instruments Test and its corresponding Guidance Note, following the issuance of a previous consultation document on the matter. The Financial Instruments Test is applicable to issuers offering Distributed Ledger Technology (DLT) services to the public in or from within Malta, or anyone seeking to offer a service that falls […]

The world’s first blockchain and cryptocurrency stock exchange was inaugurated in Malta yesterday, with the creation of a new subsidiary by the Malta Stock Exchange which will become its Fintech and Digital Asset arm. The subsidiary, MSX, will be able to operate in the private and technology sectors with joint ventures in the blockchain industry. […]

The VAT yacht leasing scheme has recently been a bone of contention for the EU and Malta has sought to appease the EU by amending the Guidelines Regarding VAT Treatment of Yacht Leasing. Click here for the Guidelines. These Guidelines state that should a lessee be provided with an option to purchase a vessel, being […]

Yesterday, the Maltese Parliament approved the three Bills that will set up the Malta Digital Innovation Authority, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. The Digital Economy Secretariat described the three laws, which will establish the regulatory framework for distributed ledger technologies, as the first of their kind in the world. […]

The Malta Stock Exchange has announced that Binance, one of the world’s largest cryptocurrency exchanges, will be extending its support to their newly-launched start-up accelerator programme. The MSX FinTech Accelerator Programme will offer support services and mentorship to FinTech start-ups and entrepreneurs with the aim of helping them achieve a competitive edge. The programme will […]

In an interview published today with CoinTelegraph, Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, described Malta as “the leading place to be” and further commented that the country “has already become the Blockchain Island.” Binance announced the relocation of their operations to Malta in March, following regulatory and banking issues in their […]

Changpeng Zhao, the CEO and founder of Binance, announced that the company has successfully set up a bank account in Malta. This news follows the business’ revelation in March that they would be relocating operations to Malta, following issues faced due to tighter restrictions in their previous base, Japan. Binance currently ranks as the world’s largest […]

The Malta Budget Measures Implementation Act (the Act) was passed on 29th March 2018. The below is an update on the most interesting of the measures:   Amendment to the definition of ‘participating holding’: the percentage equity holding requirement has been reduced to 5% (down from 10%) of the equity shares of a company, such […]

One of the largest betting companies in the world, William Hill, has announced plans to open a satellite office in Malta, making it the latest gambling firm to shift some of its operations outside of the U.K. in anticipation of Brexit.  “We are setting up a Malta office and a small initial organisation for our […]

In a press release issued on their website, BitBay, one of Europe’s largest cryptocurrency exchanges, announced the suspension of all company activity in Poland, and its decision to move its operations to “cryptocurrency friendly” Malta instead. In their announcement, BitBay explained that their decision to relocate stemmed from Polish banks’ unwillingness to work with the […]

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