Crypto.com Becomes Malta’s First Licensed Digital Currency Exchange to Offer Bank Transfers

Crypto.com Becomes Malta's First Licensed Digital Currency Exchange to Offer Bank TransfersThe 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 […]

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Malta’s ‘Wild West’ Approach: Regulators Claim $70 Billion in Crypto Passed Through ‘Blockchain Island’

The island country of Malta in the Mediterranean Sea has been known to be friendly toward cryptocurrency solutions and blockchain technology for years now. According to a regional report, government sources say more than $70 billion moved through the country over past years while regulations were lax. Furthermore, the Financial Action Task Force (FATF) was […]

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CoinDeal Obtains in-Principle Approval for Maltese Class 4 VFA License

CoinDeal Obtains in-Principle Approval for Maltese Class 4 VFA LicensePRESS 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 […]

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In the Daily: Regulatory Developments in Italy, Mauritius, Malta

In the Daily: Regulatory Developments in Italy, Mauritius, MaltaIn this edition of The Daily we cover recent regulatory developments regarding the use of cryptocurrencies and their associated industries from all over the world. Lawmakers in Italy have approved a definitions mandate, Mauritius has created a crypto custody license, and Malta is set to provide cybersecurity guidance to crypto funds, exchanges and ICOs registered […]

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The Daily: Royal Mint Drops Digital Gold, Malta Issues Warning About Trading Platform

The Daily: Royal Mint Drops Digital Gold, Malta Issues Crypto Exchange WarningIn this edition of The Daily, we cover the U.K. Royal Mint’s decision to freeze a plan to issue digital gold tokens. We also look at a new Australia Post ID verification service, as well as a warning by the Maltese financial regulator about a cryptocurrency investment platform. Also read: AMD Takes a Hit, Johnny […]

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Regulations Round-Up: Malta Clarifies Law, UK Wealth Managers Urge FCA Action

In recent regulatory news, Malta’s financial regulator has sought to clarify the nation’s cryptocurrency regulations following the passing of an act pertaining to crypto assets, UK-based wealth managers have called for the FCA to take a strong stance regarding cryptocurrencies, and the deputy governor of Bank of Israel has predicted that cryptocurrencies will contribute to […]

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Malta Extends Scope of Proposed Virtual Currency Regulations

Malta Extends Scope of Proposed Virtual Currency RegulationsThe Malta Financial Services Authority (MFSA) has published a ”feedback statement” regarding its proposal for regulatory guidelines governing collective investment schemes involving virtual currencies (VCs) operating in the European archipelago nation. The statement has been issued following a consultation period from the 23rd of October 2017 to the 17th of November – in which the […]

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