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The Malta Digital Innovation Authority to issue a set of guidance notes aimed at assisting service providers and innovative technology arrangements applicants Telecoms, Media & Technology

The Malta Digital Innovation Authority to issue a set of guidance notes aimed at assisting service providers and innovative technology arrangements applicants

The Malta Digital Innovation Authority ("MDIA") was established through Act XXXI of 2018 which has come into force on the 15th July 2018 and is now formally set up.The MDIA shall be responsible for recognising service providers, namely systems auditors and technical administrators as well as certifying innovative technology arrangements ("ITAS") as outlined in the Innovative Technology Arrangement and Services Act, Chapter 592 of the Laws of Malta.The MDIA will be issuing a set of guidance notes aimed at assisting services providers and innovative technology arrangement applicants when approaching the MDIA in relation to registration and certification.The guidelines to be…
Ian Busuttil
27th September 2018
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Virtual Financial Asset Act and Innovative Technology Arrangements and Services Act to come into force on the 1st November 2018 Telecoms, Media & Technology

Virtual Financial Asset Act and Innovative Technology Arrangements and Services Act to come into force on the 1st November 2018

Legal Notice 307 of 2018 has been published on the 25th September, 2018 which establishes the 1st November 2018 as the date of entry into force of the Virtual Financial Asset Act, Chapter 590 of the Laws of Malta.The Virtual Financial Asset Act will regulate the issuing of ICO's in or from within Malta, the operation of exchanges and the provision of VFA services, while safeguarding market integrity, protecting consumers and ensuring a higher degree of investor protection.Legal Notice 306 of 2018 was also published on the 25th September, 2018 and this Legal Notice also establishes the 1st November 2018…
Ian Busuttil
27th September 2018
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Virtual Financial Asset Act and Innovative Technology Arrangements and Services Act to come into force on the 1st November 2018 Telecoms, Media & Technology

Virtual Financial Asset Act and Innovative Technology Arrangements and Services Act to come into force on the 1st November 2018

Legal Notice 307 of 2018 has been published on the 25th September, 2018 which establishes the 1st November 2018 as the date of entry into force of the Virtual Financial Asset Act, Chapter 590 of the Laws of Malta.The Virtual Financial Asset Act will regulate the issuing of ICO's in or from within Malta, the operation of exchanges and the provision of VFA services, while safeguarding market integrity, protecting consumers and ensuring a higher degree of investor protection.Legal Notice 306 of 2018 was also published on the 25th September, 2018 and this Legal Notice also establishes the 1st November 2018…
Ian Busuttil
27th September 2018
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Mamo TCV sponsors the first BlockFinance Session News

Mamo TCV sponsors the first BlockFinance Session

Mamo TCV Advocates sponsored the first session of the BlockFinance series which took place on the 31st July, 2018 at the Corinthia Palace Hotel, Attard. Dr Roberta Peresso, a senior associate in the Fintech Department, sat on the panel together with Hon. Silvio Schembri, Parliamentary Secretary for Financial Services and Dr Christopher Buttigieg, Director at the MFSA. The panel discussion provided delegates with an update on recent developments in blockchain and cryptocurrency in Malta. Roberta shared the Firm's experience so far on the subject and expressed her views on the challenges which the sector may be facing in the near…
MamoTCV Advocates
3rd August 2018
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Mamo TCV sponsors the first BlockFinance Session News

Mamo TCV sponsors the first BlockFinance Session

Mamo TCV Advocates sponsored the first session of the BlockFinance series which took place on the 31st July, 2018 at the Corinthia Palace Hotel, Attard. Dr Roberta Peresso, a senior associate in the Fintech Department, sat on the panel together with Hon. Silvio Schembri, Parliamentary Secretary for Financial Services and Dr Christopher Buttigieg, Director at the MFSA. The panel discussion provided delegates with an update on recent developments in blockchain and cryptocurrency in Malta. Roberta shared the Firm's experience so far on the subject and expressed her views on the challenges which the sector may be facing in the near…
MamoTCV Advocates
3rd August 2018
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MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets Telecoms, Media & Technology

MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets

​The Malta Financial Services Authority ("MFSA") has issued a consultation paper on the Virtual Financial Assets Rules which will be applicable to Issuers of Virtual Financial Assets to be issued in accordance with the Virtual Financial Asset Act. This consultation document is in line with the MFSA's proposal of issuing a rule book to be titled the "Virtual Financial Assets Rulebook" which will be subdivided into three parts:​Chapter 1: Virtual Financial Assets Rules for VFA AgentsChapter 2: Virtual Financial Assets Rules for Issuers of Virtual Financial AssetsChapter 3: Virtual Financial Assets Rules for VFA Service ProvidersThe consultation paper on Chapter…
Ian Busuttil
1st August 2018