Fintech

Malta is the first country in the world with clearly established regulatory frameworks for DLTs, ICOs and virtual currencies.

Ever since the Maltese government made blockchain and cryptocurrencies a priority, there have been waves of announcements of renowned foreign companies in this sector choosing to invest in Malta.

These include Binance, which is one of the largest cryptocurrency exchanges in the world and Okex, a leading digital asset exchange among others.

Recently the world’s first regulated ICCO launched in Malta. Palladium, a Malta-based blockchain company launched this world’s first fully regulated Initial Convertible Coin Offering which bridges traditional finance service and cryptocurrencies.

What makes Malta so attractive?

Although other jurisdictions, like the Isle of Man, have already passed laws seeking to regulate the cryptocurrency and blockchain space, no other country went to the extent of Malta on the regulation of the blockchain industry.

The lack of regulation in other jurisdictions tends to lead to a sense of unease with respect to the use of cryptocurrencies, particularly when offered to the public who would not be fully aware of the risks involved in such transactions. That is why Malta found it imperative to push forward a legal framework in which a business could operate in a way that is compliant with existing legislation and where certain safeguards are implemented particularly to ensure market integrity, consumer protection and financial stability.

Malta’s parliament approved a blockchain regulatory framework through three separate Bills including: the Malta Digital Innovation Authority Act; the Innovative Technological Arrangement and Services Act, and; the Virtual Financial Asset Act.

This confirmed the Maltese government’s and regulator’s determination to embrace the potential of blockchain and cryptocurrencies as disruptive technologies which could alter the financial services sector as we know it.

Malta is one of the first countries that drafted in-depth legislation which shall regulate the issuing of ICOs, cryptocurrencies, the setting up of cryptocurrency exchanges and service providers of Distributed Ledger Technology (‘DLT’).

What can KSi Malta offer?

KSi Malta can offer various fintech-related services, including:

  • ICOs & White Papers
  • VFA Agent
  • Financial Instrument Test
  • Licensing & Exchanges
  • Legal Advice & GDPR
  • Security Tokens

 

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