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The digital asset trading platform Crypto.com has announced the firm has become the first global cryptocurrency exchange to obtain an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA). According to the announcement, Crypto.com’s EMI license will allow the firm to issue cards and bank transfers to consumers in the region. Crypto.com […]Powered by WPeMatico
PRESS RELEASE. CoinDeal is pleased to announce that it is now the first publicly known company to have obtained a Class 4 Virtual Financial Assets License in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange received the letter on 16 December, 2020. This allows CoinDeal to provide the following VFA services to […]
The post CoinDeal Obtains in-Principle Approval for Maltese Class 4 VFA License appeared first on Bitcoin News.
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Malta’s futuristic design to be the “Blockchain Island” has suffered a setback as 70% of companies in the sector have not sought licensing. Six months after the deadline, only 26 companies have applied for licensing and none has been granted one. Malta initiated legislation to regulate virtual financial assets in 2018 and invited companies to […]
The post Malta’s ‘Blockchain Island’ Dream Deferred as 70% Entities Shun Licensing appeared first on Bitcoin News.
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Malta is keen to preserve its reputation as a blockchain hub after clarifying that leading crypto exchange Binance is not regulated by the island country
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The Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations. Also read: Fidelity’s Cryptocurrency Arm Starts […]
The post Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto Transactions appeared first on Bitcoin News.
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Malta has been hyped up as the happy ending for crypto business who have trouble operating elsewhere, but there’s a problem: banks are reluctant to grant crypto startups business accounts until they’re properly licensed with the MFSA. This process can take up to six months for a first-round response, leaving many businesses unable to operate […]
The post Malta Might Be ‘Blockchain Island’ But Don’t Try Opening a Crypto Bank Account appeared first on Bitcoin News.
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