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 during the certification of Innovative...
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 operative Bank account. If you...
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 & clients in attendance. The...
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, if you are a Service...
On the 13th of May 2019, DWP VFA Agent Ltd. was formally granted a license to provide the services of a VFA Agent in terms of Articles 7 and 14 of the Virtual Financial Assets Act (Cap. 590 of the Laws of Malta). The accreditation was a culmination of months of hard work by Dr....
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 views differ widely. Passive, active...
Having chosen Malta as the place to set up an ICO given all the regulatory, language and the workforce talent benefits associated with this jurisdiction, ICO businesses need to be aware that there are a number of considerations which must be taken into account before the actual offering of their crypto-asset to the public. These...
Introduction. The popularity of Crypto-Exchanges is on the rise. With more entrepreneurs willing to set up these platforms, it makes sense to analyse the important role Malta [now ubiquitously known as ‘Blockchain Island’] is playing in this new realm of innovative cryptocurrency-based services. Quite frankly, given the perceived ‘high risk’ when dealing with Exchanges, Malta...
Unfortunately, there are scams and dubious projects in the crypto world that try to rob investors of their hard earned money. Such fraudulent schemes not only lead to the loss of investor assets, they also damage the blockchain and cryptoscene. As Blockchain Island, Malta enjoys an excellent reputation as the location of choice for crypto...
The buzzword for alternative fundraising has been ICO for a “long time” — “long” in relation to the short lived technical world we are all working in. In actual terms, the hype lasted less than 2 years. There has been plenty of good and bad news around the ICO, very recently a lot more bad...
