Malta’s government has published the Virtual Financial Assets Act.
Today, 22nd May, the Maltese government has published Virtual Financial Assets Act. Through this law, Malta will become a jurisdiction which DLT based companies can work better through a regulated jurisdiction.
The Maltese government have been in talks with various key stakeholders in the DLT realm. A public consultation had also taken place back in March. The Virtual Financial Assets Act (VFA) is one of three laws which are yet to be published. To read the Virtual Financial Assets Act, please click here.
The Government has succeeded in creating a transparent yet straightforward legislation which is attracting new DLT and Crypto-based companies to the island. No wonder Malta is being dubbed as “Blockchain island”.
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