Today the MFSA published a Feedback Statement following a Consultation Document on Pillar 1 of the FinTech Strategy – Regulations. The Feedback Statement provides the MFSA’s position in relation to the proposed initiatives within the Consultation Document, namely the implementation of the MFSA FinTech Regulatory...
IFSP working on fintech regulation, tax matters, AML and more The IFSP has been kept busy over 2018, a situation which looks set to continue through 2019. Through the IFSP Council and sub-committees, a wide range of issues each with a potential for profound impact on...
New areas of business are always welcome, but bring with them new risks and concerns as well as bright opportunities. Fintech in general, cryptocurrencies and distributed ledgers technology is a case in point. The establishment of a regulated environment for virtual financial assets within the...
The new Virtual Financial Assets Act will come into force this October, making Malta the first jurisdiction to create a regulated space for virtual assets, cryptocurrencies and other finance-related activities mediated through distributed ledger technologies like blockchain. A newly regulated area needs licensed operators and service...
“The nature of the regulatory response to FinTech is a critical topic for both regulators and market participants. The challenge is to identify when the regulator should step in - the regulatory ‘tipping point’ between allowing innovation to develop without regulatory intervention and taking regulatory...
“We stand at the cusp of a new technological era, the opportunities from which are there for us to harness. For this to happen, we must be able to move fast and in sync.” This is what Minister for Finance Edward Scicluna stated, as he...