Reflections on the Proposed Blockchain & DLT Regulations.

Reflections on the Proposed Blockchain & DLT Regulations.

Introduction Dr. Wern­er & Part­ner attend­ed a con­fer­ence on Fri­day 2nd March 2018 organ­ised by ‘Blockchain Mal­ta Asso­ci­a­tion’ enti­tled: ‘Reflec­tions on the Pro­posed DLT Reg­u­la­tions’ at Le Meri­di­en Hotel in Bal­lu­ta. Blockchain Regulation Par­lia­men­tary Sec­re­tary Sil­vio Schem­bri opened the con­fer­ence and stat­ed that the Gov­ern­ment was ful­ly com­mit­ted to open...

Malta’s Role in the Crypto-Currency Revolution

Malta’s Role in the Crypto-Currency Revolution

Cours­es for dig­i­tal cur­ren­cies have behaved tur­bu­lent­ly since the begin­ning of the year. After near­ly all cryp­to-cur­ren­cies tal­lied record highs at the end of 2017, prices plunged sig­nif­i­cant­ly at the start of the year. From Bit­coin to Etherum, Rip­ple or IOTA, most of the larg­er “cryp­tos” declined deci­sive­ly in terms of...

Major upheavals set to take place at the MFSA.

Major upheavals set to take place at the MFSA.

An Independent Registry of Companies. Par­lia­men­tary Sec­re­tary Sil­vio Schem­bri recent­ly announced that the Reg­istry of Com­pa­nies will become a sep­a­rate enti­ty and no longer fall under the aus­pices and direc­tion of the MFSA [Mal­ta Finan­cial Ser­vices Author­i­ty]. The offi­cial rea­son quot­ed was in order to help the Author­i­ty focus sole­ly...

Malta’s Prime Minister Muscat Defends The Finance Industry

Malta’s Prime Minister Muscat Defends The Finance Industry

Muscat speaks out “We are con­fi­dent of our sys­tem, which is sol­id, trans­par­ent and ful­ly com­pli­ant.” So we should be forth­com­ing and engage with those over­seas and with our crit­ics. ” These are the words with which Mus­cat addressed his audi­ence at a sem­i­nar for finan­cial ser­vice providers. Even in...

Cryptocurrencies set to gain further prominence as Maltese Government all but set to introduce regulation.

Cryptocurrencies set to gain further prominence as Maltese Government all but set to introduce regulation.

Introduction. With the Vir­tu­al Cur­ren­cy Act in the pipeline and set to offer the assur­ances and guar­an­tees that the pub­lic was demand­ing, Par­lia­men­tary Sec­re­tary Sil­vio Schem­bri has announced the new strat­e­gy which will specif­i­cal­ly deal with cryp­tocur­ren­cies. The MDIA Bill. The Par­lia­men­tary Sec­re­tary also announced that after the three-week con­sul­ta­tion...

The Case of Galizia- Malta’s Murdered Journalist

The Case of Galizia- Malta’s Murdered Journalist

Malta gains world-wide media attention It’s not very often that Mal­ta gets atten­tion from the Inter­na­tion­al Media. At first glance, the Ice­land, which became a part of the EU in 2004, looks too small to be rel­e­vant to the rest of the world. Daphne Caru­a­na Gal­izia on Octo­ber 16, 2017,...

Dr. Werner & Partner attend conference: ‘My Blockchain: A Practical Approach’

Dr. Werner & Partner attend conference: ‘My Blockchain: A Practical Approach’

Dr. Werner & Partner attend conference: ‘My Blockchain: A Practical Approach’. Dr. Wern­er & Part­ner attend­ed a con­fer­ence per­tain­ing to the prac­ti­cal aspect of the Blockchain at the ‘Le Meri­di­en’ Hotel in St. Julian’s.  It was seen how the ‘Blockchain’ phe­nom­e­non enables decen­tral­iza­tion on a glob­al lev­el which can cer­tain­ly...

New Car Sharing System in Malta Provides Hope

New Car Sharing System in Malta Provides Hope

How often have I report­ed on the atroc­i­ty of con­gest­ed roads in Mal­ta? Demand­ed change to the trans­port sys­tem on the island? More than a few times. I have recent­ly caught on to a small but impor­tant change on the hori­zon. A new car shar­ing com­pa­ny has gone onto the...

The MFSA’s discussion paper on virtual currencies

The MFSA’s discussion paper on virtual currencies

On the 30th of Novem­ber 2017, the Mal­ta Finan­cial Ser­vices Author­i­ty (MFSA) pub­lished a dis­cus­sion paper on Ini­tial Coin Offer­ings, Vir­tu­al Cur­ren­cies (VCs) and Relat­ed Ser­vice Providers. The Author­i­ty acknowl­edged that vir­tu­al cur­ren­cies are cer­tain­ly an impor­tant devel­op­ment in car­ry­ing out trans­ac­tions over the inter­net but also not­ed the impor­tance...