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...

Blockchain Origin and Practical Application

Blockchain Origin and Practical Application

Rep­re­sen­ta­tives from Dr. Wern­er & Part­ner attend­ed a Sem­i­nar [organ­ised by the Mal­ta Insti­tute of Accoun­tants] deal­ing with the ubiq­ui­tous word we have now all grown accus­tomed to: Blockchain. Estab­lish­ing trust in Blockchain. Pre­lim­i­nary dis­cus­sions focused on estab­lish­ing ‘trust’ in the Blockchain tech­nol­o­gy. Keynote speak­ers not­ed that where­as before, trust...

Controlled Foreign Corporate Taxation of Maltese Companies in Germany

Controlled Foreign Corporate Taxation of Maltese Companies in Germany

Ques­tions as to which tax­es and inter­na­tion­al­ly oper­at­ing com­pa­ny must pay in which coun­tries are not easy to answer. In our dai­ly work at the law offices of Dr. Wern­er & Part­ner, an increas­ing num­ber of com­pa­ny own­ers are approach­ing us with the desire to move their com­pa­nies to Mal­ta...

Ranking Agencies Improve Malta’s Rating Based on Strict Rule of Law

Ranking Agencies Improve Malta’s Rating Based on Strict Rule of Law

As an insti­tu­tion, the EU has helped many Euro­pean coun­tries progress. Cer­tain­ly, this also includes Mal­ta, which has been a mem­ber of the Union since 2004. Gen­er­al­ly, I see myself as a cit­i­zen of Europe and wel­come the Euro­pean con­fed­er­a­tion. Still, at the same time, I some­times find myself upset...

ICOs: A Comparative Analysis  of the Maltese and Gibraltarian perspective.

ICOs: A Comparative Analysis of the Maltese and Gibraltarian perspective.

Introduction: The ICO World. ICOs [Ini­tial Coin Offer­ings] or TGE [Token Gen­er­a­tion Events] have attained a ubiq­ui­tous sta­tus with­in the world of Cryp­tocur­ren­cies – as their intro­duc­tion in the finan­cial ser­vices sec­tor has sparked a num­ber of dif­fer­ent views on how to tack­le and even­tu­al­ly reg­u­late these inevitable nov­el coin...

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...