On the 31st of January 2019, the Malta Financial Services Authority (“MFSA”) revealed its strategy for the next three years in a public press conference.
“Vision 2021” sets out the MFSA’s mission and strategic vision, underpinned by a set of goals and objectives. The Authority also published a consultation document on the MFSA’s FinTech strategy, which proposes the introduction of a ‘Regulatory Sandbox’ and ‘Innovation Hub’. The latter creates an ‘incubator’ wherein new technologies for financial services can be tried and tested in a specially designed environment.
The Maltese business and regulatory landscape continues to evolve, embracing innovation while maintaining optimal standards. Such developments continue to attract more entrepreneurs in Blockchain, Fintech, and other related sectors to Malta’s shores.