Summary of the MFSA Circular to VFA Service Providers

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...

Essential Duties and Responsibilities of a Director

Essential Duties and Responsibilities of a Director

Introduction As many of you are aware, com­pa­nies are formed and found­ed by share­hold­ers, how­ev­er, this does not mean that the com­pa­ny is man­aged and admin­is­tered by its share­hold­ers. On the con­trary, each com­pa­ny has its offi­cers, each hav­ing dif­fer­ent roles, respon­si­bil­i­ties and pow­ers for the man­age­ment and admin­is­tra­tion of...

Malta as the ‘epicentre’ of security token financing

Malta as the ‘epicentre’ of security token financing

Blockchain Island Mal­ta is known world­wide for the pio­neer­ing role of its gov­ern­ment in DLT tech­nol­o­gy, but also as the loca­tion of cryp­to exchanges such as Binance and OkEX. Now Mal­ta is prepar­ing to present itself as a suit­able domi­cile for secu­ri­ty token financ­ing. These efforts are being dri­ven pri­mar­i­ly...

MDIA Certification

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...

Bank Account for a Blockchain Company

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...

Dr. Werner & Partner’s VFA Agent to host exclusive crypto-event in Malta!

Dr. Werner & Partner’s VFA Agent to host exclusive crypto-event in Malta!

On the 21st of June 2019, Dr. Wern­er & Part­ner will be host­ing a for­mal event at the Palace Hotel in Sliema where the offi­cial launch of the VFA Agent com­pa­ny will take place! It promis­es to be a fan­tas­tic evening with a num­ber of key stake­hold­ers, busi­ness part­ners, friends...

Questions and Answers for the Application for Service Provider Licence

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,...

Current developments in crypto currencies and the blockchain on Malta

Current developments in crypto currencies and the blockchain on Malta

On the sun­ny Mediter­ranean island of Mal­ta, every­thing revolves around blockchain tech­nol­o­gy. Before the Mal­ta AI & Blockchain Sum­mit takes place in a few weeks, the Mal­tese gov­ern­ment is mak­ing head­lines with the announce­ment of sev­er­al excit­ing blockchain ini­tia­tives. At the same time, a sep­a­rate bank is being set up...

Regulation of crypto currencies and ICOs — International comparison

Regulation of crypto currencies and ICOs — International comparison

Reg­u­la­tion of cryp­to cur­ren­cies and ICOs are high on the agen­da of gov­ern­ments and finan­cial super­vi­so­ry author­i­ties across Europe. Hard­ly any insti­tu­tion is cur­rent­ly not look­ing into how cryp­to cur­ren­cies and inno­v­a­tive forms of financ­ing such as ICOs and STOs should be legal­ly clas­si­fied or reg­u­lat­ed. How­ev­er, the approach­es and...