A new gaming bill has been tabled in the Parliament of Malta. On 13 March 2018, the Hon. Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, tabled a motion in Parliament for the first reading of a new gaming bill.
The Malta Financial Service Authority (the ‘MFSA’), Malta’s regulator for the Financial Services industry, published the consultation document in November 2017
Bitcoin, virtual currencies, crypto currencies, digital currencies, blockchain, smart contracts, peer-to-peer, private keys, public keys, API’s, DLT, altcoins, coins prefixed with the vulgar term for faeces, tokens, ICOs - even the terminology is evolving at a pace that is hard to keep up with. So what is all the fuss about? Let us start with the first term on this list - Bitcoin.
Zeta assisted with the incorporation of Coin Direct Limited, a company incorporated in the Isle of Man.
The CRS is an information exchange system released with the aim of combating cross border tax fraud and tax evasion using offshore financial accounts and that of reinforcing the protection of the proper functioning of tax structures.
The Mauritius Revenue Authority (MRA) had issued a communique on the 22nd December 2015 to inform its' stakeholders that the Ministry of Finance has already notified the OECD that the implementation date regarding the adoption of Common Reporting Standard for Automatic Exchange of Information (CRS), initially set for the 1st January 2016, has been deferred.