Malta to regulate the blockchain technology services sector

The Maltese Government has announced that in the coming weeks, Malta will be launching the world’s first legal framework for the creation of a regulatory body to regulate services in the sectors of Blockchain, Artificial intelligence and IOT devices. Malta is currently working together with the industry to come up with a legal framework that […]

Written By ACT Team

On January 22, 2018
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The Maltese Government has announced that in the coming weeks, Malta will be launching the world’s first legal framework for the creation of a regulatory body to regulate services in the sectors of Blockchain, Artificial intelligence and IOT devices. Malta is currently working together with the industry to come up with a legal framework that satisfies the AML and KYC regulations, without stifling innovation in technology.  Malta wants to become a country which would allow investors to invest in this sector, operate within a legal structure and provide services to potential customers who want to make use of new services related to 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].