Virtual Financial Asset (VFA) Licences in Malta

Virtual Financial Asset (VFA) Licences in Malta

Under the Vir­tu­al Finan­cial Assets Act (VFAA), Mal­ta intro­duced 4 types of licens­es for com­pa­nies wish­ing to pro­vide ser­vices relat­ed to vir­tu­al finan­cial assets. The 4 licens­es — VFAA Class 1 to Class 4 — com­prise var­i­ous types of rights and require dif­fer­ent lev­els of invest­ment. In this arti­cle, you’ll...

ICO in Malta? 3 Legislative Initiatives You Should Know About

ICO in Malta? 3 Legislative Initiatives You Should Know About

Many start-ups are con­sid­er­ing the ques­tion of whether they should car­ry out an ICO. Besides loca­tions such as Switzer­land and Liecht­en­stein, the option of an ICO in Mal­ta is increas­ing­ly being dis­cussed. That’s lit­tle sur­pris­ing, giv­en that Mal­ta is not only an inter­na­tion­al­ly renowned finan­cial cen­tre, but has also become...

The Financial Instrument Test: A brief analysis.

The Financial Instrument Test: A brief analysis.

Introduction. The cur­rent ‘talk of the town’ for all Blockchain & Cryp­to-enthu­si­asts is an inno­v­a­tive test for­mu­lat­ed by the Mal­ta Finan­cial Ser­vices Author­i­ty (MFSA) enti­tled: the Finan­cial Instru­ment Test. This analy­sis and ‘deter­mi­na­tion’ will be the manda­to­ry barom­e­ter for all forms of enter­pris­es propos­ing to intro­duce DLT [Dis­trib­uted Ledger Tech­nol­o­gy]...

Malta and its role in the Blockchain/Cryptocurrency Revolution

Malta and its role in the Blockchain/Cryptocurrency Revolution

Introduction ‘Viva La Rev­olu­cion!’ shout­ed the throngs of crowds in the streets of Havana. With a new regime in place, the bal­ance of pow­er had shift­ed, and the par­a­digm of soci­ety had changed for­ev­er. A phrase which has been immor­talised and enshrined in his­to­ry is rein­vent­ing itself in this new...

The Role of the VFA Agent (Malta).

The Role of the VFA Agent (Malta).

Introduction A thor­ough read­ing of the pro­posed Vir­tu­al Finan­cial Assets Act, 2018 high­lights the neces­si­ty to have a sys­tem of checks and bal­ances ensur­ing that who­ev­er is advis­ing clients in the realm of tokens and cryp­tocur­ren­cies is essen­tial­ly com­pe­tent, qual­i­fied and dili­gent. This is cer­tain­ly one of the main rea­sons...

Three Bills Published aimed at Regulating the Blockchain and Cryptocurrency Sector.

Three Bills Published aimed at Regulating the Blockchain and Cryptocurrency Sector.

Introduction After a much-antic­i­pat­ed wait, the Mal­tese Gov­ern­ment has pub­lished three Bills aimed pri­mar­i­ly at: 1) Reg­u­lat­ing Vir­tu­al Finan­cial Assets, 2) Estab­lish­ing a Mal­ta Dig­i­tal Inno­va­tion Author­i­ty and 3) Reg­u­lat­ing des­ig­nat­ed inno­v­a­tive tech­nol­o­gy arrangements/services. Whilst Dr. Wern­er & Part­ner will be analysing in detail the con­tents of each Bill [in...

Blockchain Client of Dr Werner & Partner

Blockchain Client of Dr Werner & Partner

We are pleased to announce that Dr Wern­er & Part­ner could onboard a new client, whom we will advise and assist in migrat­ing an exit­ing busi­ness case onto the blockchain, to imple­ment vir­tu­al / cryp­to cur­ren­cies as pay­ment meth­ods online and to mar­ket the busi­ness mod­el through an ini­tial coin...

An Analysis of Virtual Currencies in terms of the Proposed ‘Fifth Money Laundering Directive’.

An Analysis of Virtual Currencies in terms of the Proposed ‘Fifth Money Laundering Directive’.

Introduction Tony Stark [an entire­ly fic­ti­tious char­ac­ter] once remarked: ‘Is it bet­ter to be feared or respect­ed? And I say: ‘Is it too much to ask for both?’ One can cer­tain­ly sur­mise that Vir­tu­al Cur­ren­cies are final­ly giv­en the nec­es­sary ‘respect’ through their inser­tion in the ‘Amend­ment to the Fourth...

Smart Contracts — Can Machines Rule the World?

Smart Contracts — Can Machines Rule the World?

A ‘Smart’ Introduction. You may all be famil­iar with ‘Skynet’ — the fic­tion­al neur­al-based con­scious group and arti­fi­cial intel­li­gence sys­tem that serves as ‘the Ter­mi­na­tor’ film series’ main antag­o­nist. In the movie series, Arti­fi­cial Intel­li­gence (AI) had reached a stage where it was final­ly able to con­scious­ly decide and exe­cute...

Malta destined to be leading Crypto-exchange island.

Malta destined to be leading Crypto-exchange island.

Binance comes to Malta! Recent­ly, Mal­ta was once again in the news as Binance, the largest cryp­tocur­ren­cy trad­ing plat­form in the world announced that it was relo­cat­ing to sun­ny ‘Blockchain Island’. Fol­low­ing a Chi­nese ICO ban, the Hong Kong-based exchange plat­form, was com­pelled to look else­where in Asia for a...