Brexit: What will happen to Residence Statuses?
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Brexit: What will happen to Residence Statuses?

As you may now, Brexit is no longer a speculation. However, there were no immediate changes, or at least not yet. The transition is still in process; however, many European Countries are showing that the preservation of status quo is of their utmost importance, including Malta.

Blockchain Technology vis-à-vis the GDPR
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Blockchain Technology vis-à-vis the GDPR

The use of blockchain technology is still new to our digital age, however it is important to view such usage from a GDPR Perspective. The GDPR mainly focuses on the Protection Data and highlights the importance of compliance with the requirements set out in the Regulation. Despite the incompatibilities, the GDPR and Blockchain Technology can co-exist.

Summary to the MFSA Circular regarding Amendments to Chapter 3 of the Rulebook
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Summary to the MFSA Circular regarding Amendments to Chapter 3 of the Rulebook

Chap­ter 3 of the VFA Rule­book applies to VFA Ser­vice Providers who are seek­ing to obtain their license with­in the VFA sphere as per the laws and reg­u­la­tions of Mal­ta. The MFSA issued a cir­cu­lar addressed to VFA Ser­vice Providers in sup­port of inno­va­tion of the sec­tor adapt­ing a more prin­ci­ples-based approach. The new amend­ments shall be...

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...