Malta Digital Innovation Authority set up with effect from 15 July 2018

By means of Legal Notice 250 of 2018, the Minister for the Digital Economy has established the 15th of July, 2018 as the date on which the provisions of the Malta Digital Innovation Authority Act shall be deemed to have come into force. The Malta Digital Innovation Authority is therefore now formally set up.  This follows the […]

Written By ACT Team

On July 30, 2018
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By means of Legal Notice 250 of 2018, the Minister for the Digital Economy has established the 15th of July, 2018 as the date on which the provisions of the Malta Digital Innovation Authority Act shall be deemed to have come into force. The Malta Digital Innovation Authority is therefore now formally set up. 

This follows the enactment by the Maltese Parliament of the legislation regulating blockchain on the 4th of July 2018 and various consultation documents issued by the Malta Financial Services Authority (MFSA). 

It is expected that the other two laws, namely The Innovative Technology Arrangements and Services Act and The Virtual Financial Assets Act will come into effect during the month of October 2018.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].