Apr
25

Maltese Government Presents DLT and Cryptocurrency Bills to Parliament for Approval

Maltese Government Presents DLT and Cryptocurrency Bills to Parliament for Approval
The much awaited Bills which will implement a legal framework for Distributed Ledger Technology ("DLT") and cryptocurrencies, as anticipated by the Consultation Document on Blockchain, Distributed Ledger Technology and Virtual Currencies have been approved by Cabinet and have been presented to Parliament for their first reading. The three Bills which have been presented to Parliament on Tuesday 24 th March are the following: ​ Malta Digital Innovation Authority Bill: The Bill establishes the Malta Digital Innovation Authority ("the Authority") and will focus on in...
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5207 Hits
Apr
21

Long-Awaited GDPR Guidelines Finalised by the WP29

Long-Awaited GDPR Guidelines Finalised by the WP29
The Article 29 Working Party (' WP29 ') has recently adopted and subsequently finalised its long-awaited guidelines on  Consent as well as those on Transparency   under Regulation 2016/679 (the ' GDPR '). These long-awaited guidelines form part of the many GDPR related guidelines, opinions and recommendations issued by the WP29 aimed to help practitioners, controllers and processors alike to better understand the workings and intricacies of the imminent GDPR. These guidelines substantially expand on the notions of Consent and Transparency, going beyond w...
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3725 Hits
Apr
20

The GDPR and Fintech: Mamo TCV Participates in Panel Discussion

The GDPR and Fintech: Mamo TCV Participates in Panel Discussion
Dr Warren Ciantar, on behalf of Mamo TCV Advocates, recently participated in a half-day seminar organised and hosted by the Malta IT Law Association (MITLA) which was held at Smart City on the 13 th April 2018. The seminar dealt with various aspects of the GDPR, including its implications in the gaming and fintech industries and was consequently attended by various stakeholders in these sectors. The background of attendees varied, with the Malta Gaming Authority, audit firms, insurance companies, gaming companies, software developers and law firms all being repres...
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  3728 Hits
3728 Hits
Apr
17

Further Cryptocurrency Exchanges Relocating to Malta

Further Cryptocurrency Exchanges Relocating to Malta
OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and...
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4049 Hits
Apr
16

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets
The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers . The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory framework...
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  4031 Hits
4031 Hits