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.
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.
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
On 29 March 2018, the Malta Gaming Authority (MGA) issued a public document providing guidance on Distributed Ledger Technologies (DLT) and the acceptance of Virtual Currencies (VCs) through the implementation of a sandbox environment.