Malta issues a new regulatory framework for collective investment schemes using virtual currencies

The Malta Financial Services Authority has published new rules regulating collective investment schemes using virtual currencies. The regulatory framework being presented will be the first of its kind, making Malta the first jurisdiction to set-up this framework to ensure investor protection and financial soundness with regards to collective investment schemes that invest in virtual currencies.  […]

Written By ACT Team

On January 24, 2018
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The Malta Financial Services Authority has published new rules regulating collective investment schemes using virtual currencies.

The regulatory framework being presented will be the first of its kind, making Malta the first jurisdiction to set-up this framework to ensure investor protection and financial soundness with regards to collective investment schemes that invest in virtual currencies.  The publication of the rules ensures that risks associated with virtual currencies are properly addressed.

Malta intends to take the necessary steps towards having a Virtual Currency Act, while at the same time the Maltese authorities are working towards the regulation of virtual currencies, ICO’s, exchanges and the use of blockchain technology.

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].