RATE Group | Malta’s Cryptocurrency Regulations Come into Effect in November
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Malta’s Cryptocurrency Regulations Come into Effect in November

27 Sep Malta’s Cryptocurrency Regulations Come into Effect in November

Posted at 19:43h in Cryptocurrency News by

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Malta’s revolutionary cryptocurrency and blockchain technology regulatory provisions will come into effect in Q4 2018.

Malta’s Cryptocurrency Regulations Take Effect

Following the approval by the country’s Parliament, the Maltase Government has announced that the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS) will come into effect from November 1, 2018.  This decision came after deliberations between Junior Minister Silvio Schembri and the Malta Financial Services Authority (MFSA) and Malta Digital Innovation Authority (MDIA).

EWN had earlier reported the approval of cryptocurrency and blockchain friendly bills brought before the Maltese Parliament. These Acts coming into effect in November are also part of the June regulatory proposals.

The Innovative Technology Arrangement and Services Act will regulate the registration of “innovative technology arrangements and innovative technology services” and the issuance of…

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