Malta Cryptocurrency Exchange

Fintech: Setting up in Malta

Malta Cryptocurrency Exchange


With the enactment of a legal framework regulating cryptocurrencies, ICOs, and related technology service providers, Malta become a prime Fintech hub and has been dubbed as the Blockchain Island. Malta’s progressive attitude towards cryptocurrencies and Distributed Ledger Technology has already attracted some of the world’s largest crypto exchanges who have either relocated or opened new offices in Malta. The legal framework is a practical one which is built upon three pillars, consumer protection, market integrity and financial stability.






Country Highlights

GDP GROWTH: 6.6% in 2017 TIMEZONE: Central European Time Zone
(UTC+01:00)
MALTA FUNDS: 580+ Investment Funds with combined
NAV of €9.7 billion
MALTA FINANCIAL SERVICES
AUTHORITY: Approachable, Single Regulator
FUND DOMICILE RECOGNITION: Rated No. 1 Europe’s Favoured Fund
Domicile (Hedge Fund Review’s 2013 and 2014 Service Provider Rankings)
TOTAL ASSET VALUE PIFS: €6.6 billion
SECTOR EXPANSION: 25% Annual Growth FINANCIAL SERVICES FRAMEWORK: EU and OECD approved


Legal Basis

The main legal instrument which shall regulate cryptocurrency exchanges licensed in Malta will be the Virtual Financial Assets Act (the ‘VFAA’ or the ‘Act’) which was tabled in Parliament in April 2018, and which is expected to become law by June 2018. The VFAA, supported by the Technology and Service Providers Act and the Malta Digital Investment Authority Act sets out the framework for Distributed Ledger Technology Assets (DLT Assets). To carry out the service of VFA exchange, a license is required from the Malta Financial Services Authority (‘MFSA’).


Benefits

  • Rules and Documentation in English
  • Consumer Protection, Market Integrity and Financial Stability
  • Regulator’s Open-Door Policy
  • Reputable, but Cost-Effective Jurisdiction
  • Attractive Corporate Tax Regime
  • Free of Movement of Services in EU/EEA


Eligibility

  • Fit & Proper Test
  • Programme of Operations
  • Physical Presence
  • VFA Agent
  • Financial Instrument Test


Process & Timeline




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Key Contacts

Mr Nicholas Warren

Senior Manager, Financial Services, Blockchain & Fintech

+356 22056415

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