Reasons why “Classic” Banks do not accept Fintech Companies
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Reasons why “Classic” Banks do not accept Fintech Companies

Introduction As many of you may know, a “Clas­sic” bank is the usu­al finan­cial ser­vices provider which offers a whole spec­trum of finan­cial ser­vices, includ­ing but not lim­it­ed to Branch Ser­vices, ATMs, Inter­net Bank­ing, the Issu­ing of VISAs and Cheque Books, amongst oth­ers. The cur­rent sit­u­a­tion with such banks is that they seem like they...

Summary of the MFSA Circular to VFA Service Providers
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Summary of the MFSA Circular to VFA Service Providers

The MFSA issued a Cir­cu­lar on 6th Sep­tem­ber 2019 to the VFA Ser­vice Providers. The Cir­cu­lar is regard­ing the licens­ing require­ments. VFA Ser­vice Providers who are oper­at­ing in tran­si­to­ry would need to com­mence the license appli­ca­tion by not lat­er than the already stip­u­lat­ed dead­line, that being on the 31st of Octo­ber 2019. The Cir­cu­lar applies...

MDIA Certification
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MDIA Certification

Introduction Mal­ta Dig­i­tal Inno­va­tion Author­i­ty (MDIA)? Yes, it’s the go-to author­i­ty to an Inno­v­a­tive Tech­nol­o­gy Arrange­ment cer­ti­fi­ca­tion. MDIA is the main author­i­ty that is respon­si­ble for the pro­mo­tion of Mal­ta as the hub of tech­no­log­i­cal inno­va­tion. It ensures that Mal­ta is com­pli­ant with inter­na­tion­al oblig­a­tions whilst seek­ing to pro­tect users dur­ing the cer­ti­fi­ca­tion of Inno­v­a­tive...

Bank Account for a Blockchain Company
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Bank Account for a Blockchain Company

Introduction Many of you might have heard about the cur­rent strug­gle that com­pa­nies deal­ing with blockchain and cryp­tocur­ren­cies are faced with when try­ing to open a Bank account. Most of our clients ask whether the process is still the same and what are the main require­ments to ulti­mate­ly have an oper­a­tive Bank account. If you...

Questions and Answers for the Application for Service Provider Licence
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Questions and Answers for the Application for Service Provider Licence

Mal­ta has devel­oped a pro­gres­sive approach towards dis­trib­uted ledger tech­nolo­gies and cryp­tocur­ren­cies, to the extent that we have now have a reg­u­lat­ed frame­work. The VFA Act is an inno­v­a­tive leg­is­la­tion which reg­u­lates Ini­tial Vir­tu­al Finan­cial Assets Offer­ings and out­lines their licens­ing require­ments, enti­tled The Vir­tu­al Finan­cial Assets Act, 2018. Now, if you are a Ser­vice...

Essential things you need to know to understand Blockchain and its Potential for Change
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Essential things you need to know to understand Blockchain and its Potential for Change

Let’s start off by com­par­ing the evo­lu­tion of the inter­net with the evo­lu­tion of blockchain to under­stand the whole con­cept of Blockchain and how the world could shift towards digi­ti­sa­tion, and poten­tial­ly change; here is all you need to know. The inter­net as we know it was first launched in 1994 and peo­ple were scep­tic...