Through three pieces of new national legislation promulgated in November of 2018, Malta became the first and only European Union (EU) country to look beyond simply publishing consumer/investor warnings, consultation documents and discussion papers on Distributed Ledger Technology (DLT) and cryptos. The new Maltese laws target the DLT ecosystem as a whole, rather than merely focusing on regulating virtual currency associated business. The Maltese cryptocurrency framework, also to be referred to as the Virtual Financial Assets (VFA) Framework, is composed of three Acts:
These laws provide a holistic regulatory framework within the blockchain and cryptocurrency sphere. The Malta Financial Services Authority (MFSA) and the Malta Digital Innovative Authority (MDIA) were given the authority to receive and process applications for licensing for those interested in operating in Malta.
WH Partners has been on the forefront of fintech and blockchain developments, working closely with industry leaders, since the industry’s early days, gaining experience with assisting clients in blockchain based projects and cryptocurrency enquiries.
How can we help
We provide tailor-made solutions an advice to very complex questions related to blockchain. The services that we offer in respect to blockchain include:
We are always ready to listen and offer services in different languages including Italian, Czech, Slovak, Russian, Polish, Serbian, German, French and Turkish.REQUEST MEETING