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 […]

The European Council has issued the following press release: On May 14 2018, the Council adopted a directive strengthening EU rules to prevent money laundering and terrorist financing. The directive sets out to close down criminal finance without hindering the normal functioning of payment systems. Amending directive 2015/849, it is part of an action plan launched after a spate […]

An innovative, new cryptocurrency exchange, Bitmora, announced its intention to expand its offices to Malta on Monday, delaying its launch that was originally planned to take place in the United States. The California-based company promotes itself as an exchange built by real traders that intends to modernise the way that crypto exchanges operate. Originally set […]

Yesterday, The Maltese Cabinet approved three bills which were also presented to Parliament for its first reading: the Malta Digital Innovation Authority Bill, the Technology Arrangements and Services Bill and the Virtual Financial Assets Bill. The proposed bills seek to provide regulation and legal certainty for users of cryptocurrencies and Distributed Ledger Technology (DLT), such […]

Following in the footsteps of some of the world’s largest cryptocurrency exchanges, Berlin-based blockchain company, Neufund, announced that it will be opening offices in Malta and establishing a strong presence in the country, joining in Malta’s efforts to further its blockchain ecosystem.  According to a statement made by the company, they will be bringing European […]