PIFs investing in VCs

August 24 , 2023

Consultation on Changes to Chapter 3 of the Virtual Financial Assets Rulebook

On 23rd August 2023, the Malta Financial Services Authority (the “MFSA” or the “Authority”) informed the relevant stakeholders of the steps that it is taking to align the Virtual Financial Assets (“VFA”) Framework to the Markets in Cry Read more

August 1 , 2023

New IBA Report provides Global Perspective on Cybersecurity Risk Governance

The International Bar Association (“IBA”) Presidential Task Force on Cybersecurity and the IBA Legal Policy & Research Unit (“LPRU”) have issued a new report which is set to be a first of its kind offering a global perspective on cyber Read more

July 5 , 2023

The Proposals of Revising the Payment Services Directive

The European Union (the “EU”) shall be revising the rules of the Payment Services Directive (the “PSD 2” or “Directive”) due to digital payment methods which have emerged since the last time the Directive was amended. The current versi Read more

June 26 , 2023

The MFSA issues Guidelines on Non-Fungible Tokens

On the 23rd of June 2023, the Malta Financial Services Authority (the “MFSA”) issued a set of guidelines (the “Guidelines”) which shall aid FinTech companies understand how non-fungible tokens (“NFTs”) fit within the Maltese Virtual Fi Read more

June 14 , 2023

The European Union to vote on Artificial Intelligence Act

The European Union (“EU”) has proposed the laying down of a uniform legal framework ‘in particular for the development, marketing and use of artificial intelligence in conformity with EU values’. This is to be known as the Artificial Intel Read more

June 5 , 2023

The MGA publishes its 2022 Annual Report and Financial Statements

On the 2nd of June 2023, the Malta Gaming Authority (the “MGA” or “Authority”) issued the Annual Report and Audited Financial Statements for the year ending December 2022. This report highlights the endeavours conducted throughout 2022. Th Read more

June 1 , 2023

European Parliament President signs MiCA into law

On the 30th of May 2023, the President of the European Parliament, Dr. Roberta Metsola, along with the Swedish Rural Affairs Minister Peter Kullgren, signed into law the Markets in Crypto Assets Regulation (“MiCA”). This came after the Parliam Read more

May 25 , 2023

Operating an MTF and a Crowdfunding Platform: The Key Differences

Although emerging from different regulatory frameworks, the operation of a Multilateral Trading Facility (“MTF”) and a Crowdfunding Platform share certain similarities which may at times blur their significant distinguishing features. For inst Read more

May 15 , 2023

The Implementation of the FATF Travel Rule in terms of Virtual Assets

Introductory Analysis During its June 2019 plenary meeting, the Financial Action Task Force (“FATF“) approved a significant change to one of its 40 Recommendations. Previously, Recommendation 16 required originator and beneficiary info Read more

April 20 , 2023

The EU Parliament votes in favour of the MiCA Regulation

On the 20th of April 2023, the European Parliament voted on the landmark legislation which will regulate crypto currencies. Originally proposed by the European Commission, the proposed text was agreed upon on October 2022. Now after several rounds Read more