The Financial Instrument Test: A brief analysis.
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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] Assets into ‘Blockchain island’. More­over,...

12. September 201812. September 2018by
Malta and its role in the Blockchain/Cryptocurrency Revolution
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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 and glo­ri­ous era where Fin­tech...

26. July 201826. July 2018by
An Analysis of Virtual Currencies in terms of the Proposed ‘Fifth Money Laundering Directive’.
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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 Mon­ey Laun­der­ing Direc­tive’ [col­lo­qui­al­ly known...

17. May 201811. June 2018by
The MFSA’s discussion paper on virtual currencies
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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 of dis­tin­guish­ing between vir­tu­al cur­ren­cy...

The Introduction of Virtual Currencies in Malta
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The Introduction of Virtual Currencies in Malta

Mis­sion State­ment Dr. Wern­er & Part­ner are keen­ly fol­low­ing the reg­u­la­tion and legal­i­sa­tion of vir­tu­al cur­ren­cy oper­a­tions in and through­out Mal­ta (and there­fore with­in the EU). Our own legal team is work­ing close­ly with the lob­by and reg­u­la­tive offi­cials to be able to assist clients from a very ear­ly stage of the inevitable upcom­ing reg­u­la­tion....