On the 23rd May 2018 the Virtual Financial Assets Act, the Innovative Technology Arrangements and Services Act and the Malta Digital Innovation Authority Act Bills were published and scheduled to be approved by Parliament, coming into force in a few weeks.
The proposed legislations have distinguished Malta as the first EU Member State to draft and eventually implement a regulatory framework with respect to areas of digital novelties and recent developments in the economy such as Blockchain/Distributed Ledger Technology, Cryptocurrencies, coin offerings, securitised and token offerings which have since, been highly prejudiced due to their complex nature and lack or no regulatory regimes. The new set of laws will thus provide recognition, transparency, legal certainty and most importantly enforcement through a newly established authority, the Malta Digital Innovation Authority.
The evolution and progression of the Bills have attracted significant interest from investors and professionals worldwide – working in the digital economy, fostering confidence and experience in the industry.
- Virtual Financial Assets Act
- Malta Digital Innovation Authority Act
- Technology Arrangements and Services Act
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