02.08.2018

Advisory and Structuring

MFSA’s rules for Virtual Financial Assets Agents

The Malta Financial Services Authority (MFSA) is currently preparing the rules underpinning and substantiating the Virtual Financial Assets (VFA) Act and the VFA Regulations.

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19.07.2018

Due Diligence

The impact of the Fifth Anti-Money Laundering Directive

The 5th Anti-Money laundering directive has been adopted and entered into force on 9 July 2018 and should be fully implemented into national law by the various Member States into their national legislation by 10 January 2020

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19.07.2018

Advisory and Structuring

Malta Blazes Trail with Three DLT Bills

Malta’s efforts to become the first country to set up a comprehensive legislative infrastructure for virtual currencies and distributed ledger technology have moved up a notch.

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11.06.2018

Securitization

Securitization - Pros & Cons

Securitization is a financial process that takes an asset of some kind and turns it into a security, which is a tradeable financial asset...

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25.05.2018

Advisory and Structuring

Malta publishes its new DLT Bills

The Maltese government published three bills on the regulation of Distributed Ledger Technology (DLT) and Virtual Currencies (VCs) on 22 May 2018.

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25.05.2018

Multi-Family Office

UK accused of “modern colonialism” by overseas territories

A cross-party amendment to the Sanctions and Anti-Money Laundering Bill in the UK’s House of Commons was accepted after rebel goverment MPs supported the proposed amendment.

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23.05.2018

Advisory and Structuring

Inflation – A Brief History of a Cunning Plan

Did you know that inflation is a very cunning form of indirect taxation? Well, what else would you call a government ploy that reduces the value of its money?

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15.05.2018

Advisory and Structuring

Malta: The Blockchain Island

Why is Malta the blockchain island? Did you know that Malta is in pole position for this title? Indeed, so confidently and determinedly is Malta adopting blockchain that is has by now won global recognition as the Blockchain Island.

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09.05.2018

Company Formation and Management

Ethereum under the Lens.

The Wall Street Journal reported that regulators and agencies of the US government were debating if a number of popular cryptocurrencies fall under the definition of securities under US federal law.

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20.04.2018

Financial

Consultation Paper on the Financial Instrument Test.

On 13 April 2018, the Malta Financial Service Authority (MFSA) published a circular to the industry about a consultation paper on the Financial Instrument Test. The objective of this test is to determine whether a Distributed Ledger Technology (DLT) asset, depending on its features, falls within the sphere of either the traditional European and local financial services legislation, or within the sphere of the proposed Virtual Financial Assets Act (VFAA), or is otherwise exempt from regulation

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