Today, Malta’s new Virtual Financial Assets Act 2018 (VFA) comes into effect after almost a year in the making. The new regulatory framework addresses crypto consumer protections, token offerings and sets out a new criterion for crypto companies to fulfill before being allowed to legally operate in the country. Malta’s Financial Services Authority (MFSA) will oversee the enforcement of the new act’s provisions, including the registration and licensing of all Virtual Financial Asset Offerings (IVFAO) seek...
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