Why technology assurances are a must for crafting EU crypto regulation

Why we need regulatory frameworks in the crypto space, with a focus on regulating the financial aspects of cryptocurrency-based operations.

Why we need regulatory frameworks in the crypto space, with a focus on regulating the financial aspects of cryptocurrency-based operations.

Scratch ‘Blockchain Island,’ Malta Now Wants to Become a Digital Enclave

Malta is taking a more holistic approach to its digital economy, combining blockchain with other “niche sectors.”

Malta is taking a more holistic approach to its digital economy, combining blockchain with other “niche sectors.”

Blockchain Island Malta to Put All Rental Contracts on the Blockchain

Malta has welcomed cryptocurrency with open arms for the last two years—so much so, that several major crypto-related operations have set up shop there. In a bid to become the world’s greatest blockchain island, the company has brought major Asian exchanges Binance and OKEx, as well as Indian exchange Zebpay to its shores. Now, the…

Malta has welcomed cryptocurrency with open arms for the last two years—so much so, that several major crypto-related operations have set up shop there. In a bid to become the world’s greatest blockchain island, the company has brought major Asian exchanges Binance and OKEx, as well as Indian exchange Zebpay to its shores.

Now, the jurisdiction is once again putting blockchain technology to good use and embracing it wholly. The Prime Minister, Joseph Muscat, announced yesterday evening that every rental contract in Malta would be registered on the blockchain.

Rental Contracts on the Blockchain

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Malta Digital Exchange Relocates Operations to Malta Stock Exchange Premises

Malta Digital Exchange (MDX) is moving in with the Malta Stock Exchange (MSE) in contemplation of the launch of its digital exchange division, the Times of Malta reported on March 5. MDX is reportedly in the process of obtaining a securities license to promote a multilateral trading platform that will introduce a secondary market for…

Malta Digital Exchange (MDX) is moving in with the Malta Stock Exchange (MSE) in contemplation of the launch of its digital exchange division, the Times of Malta reported on March 5.

MDX is reportedly in the process of obtaining a securities license to promote a multilateral trading platform that will introduce a secondary market for digital assets trading. MDX founder and executive chairman Rick Klink said that the “move to the Maltese Stock Exchange means that we are now physically positioned to be at the heart of the next wave of institutional financial innovation.”

The move comes the wake of the International Monetary Fund’s (IMF) statement that the Malta Financial Services Authority (MFSA) has critical gaps in its supervision for Anti-Money Laundering (AML) and combating the financing of terrorism (CFT) earlier this month.

In its Financial System Stability Assessment Report, the IMF recommended to employ more resources to supervise blockchain and cryptocurrency service providers. It also pointed out the need for enhanced screening processes for beneficiary owner information and monitoring of risk-sensitive accounts, including new technologies like digital assets and e-gaming, and IIP-related funds.

Also this month, a number of legal firms and financial companies allegedly told the Times of Malta that banks were declining their applications to open accounts. The sources reportedly said that banks did not differentiate between digital currency and blockchain, though they were not always connected.

In February, the MFSA issued a consultation on cybersecurity associated with new technologies. The guidance targets professional funds that invest in virtual currencies, issuers, as well as agents and service providers for Virtual Financial Assets Act (VFAA), with latter ones acting as an intermediaries between clients and the authority.

New Security Tokens Trading Platform: Binance and Malta Stock Exchange Sign MOU

The subsidiary of the Malta Stock Exchange, MSX PLC, has signed a Memorandum of Understanding (MOU) with crypto exchange Binance. The pair will launch a new Security Tokens Trading Platform. According to a press release from today, the new trading platform will benefit from the two bodies in two ways: From the Malta Stock Exchange’s “26-year track record of operating…

Security Tokens Trading Platform

The subsidiary of the Malta Stock Exchange, MSX PLC, has signed a Memorandum of Understanding (MOU) with crypto exchange Binance. The pair will launch a new Security Tokens Trading Platform.

According to a press release from today, the new trading platform will benefit from the two bodies in two ways:

From the Malta Stock Exchange’s “26-year track record of operating as a regulated stock exchange” 
From the international reach of Binance’s business model.

Security Tokens Trading Platform

And it’s precisely this business model that makes Binance the biggest crypto exchange in the world.

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Malta: Parliament Approved Blockchain Regulatory Framework

Malta blockchain regulations: Last night, four bills surrounding the blockchain sector in Malta were approved by Parliament, according to Malta Today. Will Malta become the first blockchain island? Three of the bills approved were to help establish a regulatory framework for Malta’s emerging blockchain sector, and the other bill was to establish Infrastructure Malta. The…

Malta blockchain regulations

Malta blockchain regulations: Last night, four bills surrounding the blockchain sector in Malta were approved by Parliament, according to Malta Today. Will Malta become the first blockchain island?

Three of the bills approved were to help establish a regulatory framework for Malta’s emerging blockchain sector, and the other bill was to establish Infrastructure Malta.

The 3 Bills that will regulate DLT have been approved by Parliament and enacted into law. Malta , the first world jurisdiction to provide legal certainty to this space. #blockchainisland @JosephMuscat_JM

— Silvio Schembri (@SilvioSchembri) July 4, 2018 …

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Get Ready Malta – Binance is Moving In!

As reported by Bloomberg, Binance is looking to open an office in Malta. Binance CEO, Changpeng Zhao, said that they were looking to start a “fiat-to-crypto exchange” in Malta. Reportedly, Binance is close to securing a deal with Malta banks. This will give the crypto exchange access to deposits and withdrawals. Zhao continued on to…

As reported by Bloomberg, Binance is looking to open an office in Malta.

Binance CEO, Changpeng Zhao, said that they were looking to start a “fiat-to-crypto exchange” in Malta. Reportedly, Binance is close to securing a deal with Malta banks. This will give the crypto exchange access to deposits and withdrawals.

Zhao continued on to say that “We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech.” A specific timeline, however, has not been provided.

Why the move?

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