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Telecoms, Media & Technology

Virtual Financial Asset Act and Innovative Technology Arrangements and Services Act to come into force on the 1st November 2018

Legal Notice 307 of 2018 has been published on the 25th September, 2018 which establishes the 1st November 2018 as the date of entry into force of the Virtual Financial Asset Act, Chapter 590 of the Laws of Malta.The Virtual Financial Asset Act will regulate the issuing of ICO's in or from within Malta, the operation of exchanges and the provision of VFA services, while safeguarding market integrity, protecting consumers and ensuring a higher degree of investor protection.Legal Notice 306 of 2018 was also published on the 25th September, 2018 and this Legal Notice also establishes the 1st November 2018…
Ian Busuttil
27th September 2018
Telecoms, Media & Technology

Virtual Financial Asset Act and Innovative Technology Arrangements and Services Act to come into force on the 1st November 2018

Legal Notice 307 of 2018 has been published on the 25th September, 2018 which establishes the 1st November 2018 as the date of entry into force of the Virtual Financial Asset Act, Chapter 590 of the Laws of Malta.The Virtual Financial Asset Act will regulate the issuing of ICO's in or from within Malta, the operation of exchanges and the provision of VFA services, while safeguarding market integrity, protecting consumers and ensuring a higher degree of investor protection.Legal Notice 306 of 2018 was also published on the 25th September, 2018 and this Legal Notice also establishes the 1st November 2018…
Ian Busuttil
27th September 2018
Telecoms, Media & TechnologyTrusts, Foundations and Wealth Management

Foundations and Cryptos

This article was written by Dorita Cardona and Joshua Chircop.Following the introduction of the crypto laws, namely the Virtual Financial Asset Act, the Malta Digital Innovation Authority ("MDIA") Act and the Innovative Technology Arrangements and Services Act, which laid the foundations for Malta's innovative technology sector, Maltese foundations can now be used to issue tokens and carry out trading activities resulting from such operations.A foundation may, subject to such authorisations as may be necessary under applicable laws, issue tokens and carry out any trading activity resulting from such foundation owning, administering or otherwise operating an "innovative technology arrangement", as defined…
Dorita Cardona
25th September 2018
Telecoms, Media & TechnologyTrusts, Foundations and Wealth Management

Foundations and Cryptos

This article was written by Dorita Cardona and Joshua Chircop.Following the introduction of the crypto laws, namely the Virtual Financial Asset Act, the Malta Digital Innovation Authority ("MDIA") Act and the Innovative Technology Arrangements and Services Act, which laid the foundations for Malta's innovative technology sector, Maltese foundations can now be used to issue tokens and carry out trading activities resulting from such operations.A foundation may, subject to such authorisations as may be necessary under applicable laws, issue tokens and carry out any trading activity resulting from such foundation owning, administering or otherwise operating an "innovative technology arrangement", as defined…
Dorita Cardona
25th September 2018
Telecoms, Media & Technology

MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets

​The Malta Financial Services Authority ("MFSA") has issued a consultation paper on the Virtual Financial Assets Rules which will be applicable to Issuers of Virtual Financial Assets to be issued in accordance with the Virtual Financial Asset Act. This consultation document is in line with the MFSA's proposal of issuing a rule book to be titled the "Virtual Financial Assets Rulebook" which will be subdivided into three parts:​Chapter 1: Virtual Financial Assets Rules for VFA AgentsChapter 2: Virtual Financial Assets Rules for Issuers of Virtual Financial AssetsChapter 3: Virtual Financial Assets Rules for VFA Service ProvidersThe consultation paper on Chapter…
Ian Busuttil
1st August 2018
Telecoms, Media & Technology

MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets

​The Malta Financial Services Authority ("MFSA") has issued a consultation paper on the Virtual Financial Assets Rules which will be applicable to Issuers of Virtual Financial Assets to be issued in accordance with the Virtual Financial Asset Act. This consultation document is in line with the MFSA's proposal of issuing a rule book to be titled the "Virtual Financial Assets Rulebook" which will be subdivided into three parts:​Chapter 1: Virtual Financial Assets Rules for VFA AgentsChapter 2: Virtual Financial Assets Rules for Issuers of Virtual Financial AssetsChapter 3: Virtual Financial Assets Rules for VFA Service ProvidersThe consultation paper on Chapter…
Ian Busuttil
1st August 2018