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The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets Telecoms, Media & Technology

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks, or within the ambit of the proposed Virtual Financial Assets Act ("VFAA") or will otherwise be exempt from regulation. The…
Ian Busuttil
16th April 2018
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Malta Business Network Hosts Mamo TCV Talk on the GDPR Telecoms, Media & Technology

Malta Business Network Hosts Mamo TCV Talk on the GDPR

On Monday 16th April, the Malta Business Network will host a talk delivered by Dr Claude Micallef-Grimaud (a senior associate at Mamo TCV Advocates) on the practical steps towards applying in practice certain abstract rules found in the incoming EU General Data Protection Regulation (GDPR). The event starts at 6.30pm and will take place at the Xara Lodge in Rabat, Malta.More details are available here: https://maltabusinessnetwork.com/event/gdpr-practical-steps-towards-applying-certain-abstract-rules-practice/
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Malta Business Network Hosts Mamo TCV Talk on the GDPR Telecoms, Media & Technology

Malta Business Network Hosts Mamo TCV Talk on the GDPR

On Monday 16th April, the Malta Business Network will host a talk delivered by Dr Claude Micallef-Grimaud (a senior associate at Mamo TCV Advocates) on the practical steps towards applying in practice certain abstract rules found in the incoming EU General Data Protection Regulation (GDPR). The event starts at 6.30pm and will take place at the Xara Lodge in Rabat, Malta.More details are available here: https://maltabusinessnetwork.com/event/gdpr-practical-steps-towards-applying-certain-abstract-rules-practice/
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MGA launches guidance on DLT and VC use through sandbox approach. Telecoms, Media & Technology

MGA launches guidance on DLT and VC use through sandbox approach.

The Malta Gaming Authority (MGA) has launched a public consultation document on the use of Distributed Ledger Technology (DLT) and the acceptance of Virtual Currencies (VC) within the remote gaming sector through the implementation of a sandbox approach (test and learn), whilst also drafting guidelines for the adoption of DLT within the industry.The sandbox approach is aimed to commence during the second quarter of 2018 and will last for a period of six months. The MGA will be accepting use of VCs as a means of payment subject to the satisfaction of a number of conditions, in order to ensure investor…
Ian Busuttil
2nd April 2018
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MGA launches guidance on DLT and VC use through sandbox approach. Telecoms, Media & Technology

MGA launches guidance on DLT and VC use through sandbox approach.

The Malta Gaming Authority (MGA) has launched a public consultation document on the use of Distributed Ledger Technology (DLT) and the acceptance of Virtual Currencies (VC) within the remote gaming sector through the implementation of a sandbox approach (test and learn), whilst also drafting guidelines for the adoption of DLT within the industry.The sandbox approach is aimed to commence during the second quarter of 2018 and will last for a period of six months. The MGA will be accepting use of VCs as a means of payment subject to the satisfaction of a number of conditions, in order to ensure investor…
Ian Busuttil
2nd April 2018
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Binance, largest crypto currency exchange announces move to Malta Telecoms, Media & Technology

Binance, largest crypto currency exchange announces move to Malta

Cryptocurrency exchange Binance, one of the world's largest cryptocurrency exchanges by trade value, is to set up offices in Malta as was announced by Chief Executive Officer Zhao Changpeng.The Hong Kong based exchange's intention is to establish a fiat to crypto currency exchange platform in Malta, which will be one of the first exchange platforms to offer such services on the island. Mr. Changpeng expressed his excitement in moving to Malta, hailing it as being a very progressive jurisdiction in the sphere of crypto and fintech, and encouraging other crypto businesses to look into the possibility of moving operations to…
Ian Busuttil
26th March 2018