Malta financial regulator approves first 14 crypto asset agents

posted 7 months ago
The Malta Financial Services Authority approved 14 agents for crypto-assets, paving the way for the sector grow. The approvals were made “in principle” as some minor details remain to be sorted out before the agents are officially taken on. They will be able to assist issuers and service providers under the Nov. 1, 2018 Virtual Financial Assets Act which coincided with the Malta Blockchain Summit.

MFSA head of securities and market supervision, Chris Buttigieg said, the first batch of approvals represented an “important milestone” in the regulation of cryptoassets. “We have worked actively since November 2017, when we started out the regulatory journey in the field of cryptoassets, and today, we have a complete framework that caters for all key areas of risk, the risks to consumers, market integrity, financial crime and cyber-security."
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