Topic: VFA
Insights
An appraisal of the MFSA’s proposed ‘Financial Instrument Test’
Pursuant to the ‘Discussion Paper on Initial Coin Offerings, Virtual Currencies and Related Service Providers’, the MFSA has released a consultation document in respect of the ‘financial instrument test’ (the “Test”).
The purpose of the Test is to determine the applicable regulatory framework for initial coin offerings, as well as...
Summary of the 3 main acts related to blockchain technology
Malta has established itself as the ‘first mover’ in the regulation of businesses utilizing distributed ledger technology (DLT), upon which blockchain is based.
Recognizing the potential behind blockchain, Maltese lawmakers sought to develop a regulatory environment that addresses the risks arising from sinister uses of the technology while, at the...