Jun
27

Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DLT Bills

Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DLT Bills
The Maltese Parliament has yesterday, Tuesday 26th June unanimously approved three Bills during a second reading in Parliament as announced by Parliamentary Secretary for Digital Innovation Hon. Silvio Schembri. This milestone development will make Malta one of the first countries to soon adopt a legal framework for ICO's, Exchanges and Innovative Technologies and position Malta as an attractive jurisdiction for investors and operators in the industry. The Bills are the following: The Malta Digital Innovation Authority Act The Innovative Technology Arrangements an...
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  4827 Hits
4827 Hits
May
22

Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for ICO’s

Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for ICO’s
The Maltese Government has presented the much anticipated Virtual Financial Assets Bill (the "Bill") for its second reading in Parliament. The Bill provides further clarity as to the manner in which virtual assets (termed "Virtual Financial Assets" ("VFA") will be regulated in Malta, specifically in relation to the issuing of ICOs in or from or within Malta.This includes the necessary license requirements and conditions which must be adhered to by individuals or entities who issue VFAs or who provide certain specified activities in relation to VFAs. The Bill, whic...
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  5853 Hits
5853 Hits
May
22

Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for Virtual Financial Asset Exchanges

Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for Virtual Financial Asset Exchanges
The Maltese Government has presented the much-anticipated Virtual Financial Assets Bill for its second reading in Parliament.  The Bill introduces a regulatory framework in relation to the issuing of Initial Virtual Financial Assets (more commonly known as International Coin Offerings or "ICOs") . The publication of the Bill comes at a critical time, given the rapid surge in interest in Malta from several cryptocurrency exchanges since the Government first announced its intention for Malta to become the "Blockchain Island". In a world where rigorously regulat...
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  5637 Hits
5637 Hits
May
22

Second Reading in Parliament for Blockchain Bills: The Innovative Technology Arrangements and Services Act

Second Reading in Parliament for Blockchain Bills: The Innovative Technology Arrangements and Services Act
One of three recent and significant legislative developments in the field of blockchain and Distributed Ledger Technology ('DLT') was presented by the Maltese Government for its second reading in Parliament . The Bill is aimed at promulgating a framework for " Innovative Technology Arrangements and Services" ('ITAS') . The ITAS Bill is intended to go hand in hand with the also newly publicised Malta Digital Innovation Authority Act (the ' MDIA Act', an overview of which may be accessed here  ) and the Virtual Financial Assets Act (the 'VFAA', an overview of w...
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  5320 Hits
5320 Hits
May
22

Second Reading in Parliament for Blockchain Bills: The Malta Digital Innovation Authority Act

Second Reading in Parliament for Blockchain Bills:  The Malta Digital Innovation Authority Act
The spearhead of Malta's new three-pronged legal regime on innovative technology arrangements and cryptocurrencies, the Malta Digital Innovation Authority Bill (the "Bill"), was presented to Parliament for its second reading, marking a fundamental step towards a new legislative milestone in Malta's efforts to become a trailblazer in the global blockchain revolution. Once promulgated, the new Act will lay down the guiding principles of the soon-to-be-formed public body charged with the duty of promoting and developing Malta's new born innovative technology sector.T...
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  5597 Hits
5597 Hits