Blockchain: The Potential to change the entire economic world
The shipping industry has been given a fresh opportunity to strengthen the security of their data that could spell the end of paper documentation. Blockchain technology promises to revolutionize container logistics by connecting the supply chain in a way the industry has never seen before. Should the technology enter operation it could also bring annual …
Continue reading “Blockchain: The Potential to change the entire economic world”
Gearing up for a technological revolution
Bitcoin has raised the question of whether computer code, rather than a central bank, should control the money supply. But is it desirable for society to allow a digital money system which enables its users to operate outside the remit of the law, unlike physical cash which is more regulated.
Guidelines in Relation to Distributed Ledger Technology (DLT)
Guidelines concerning the taxation of DLT Assets under the Income Tax Act, the VAT Act and the Duty and Documents and Transfers Act were published by the Commissioner for Revenue.
The Contemporary Company Secretary
Although constantly evolving, in more recent years, the role of the Company Secretary has undergone a significant shift both in the way it is perceived externally and also in its actual fulfilment within an organisation. Whereas historically defined rather restrictively as mainly administrative in nature, the Company Secretary is now expected to fulfil a much …
The Key Employee Initiative Launched – A Fast Tracked Single Permit Scheme
Identity Malta Agency launched the Key Employee Initiative (KEI) providing a fast-tracked service to highly-specialized Third-Country Nationals who are employed in Malta. The scheme will facilitate the issuing of work/residence permits to prospective key employees within five working days from the date of submission of the applications.
MFSA publishes FAQ document about The Virtual Financial Assets Framework
The Malta Financial Services Authority has published a document outlining frequently asked questions in relation to the Virtual Financial Assets Framework. It provides key information on the framework itself, classification of DLT assets, VFA agents, Initial Virtual Financial Asset Offerings, VFA service providers, AML/CFT requirements and transitory provisions.
New Individual Investor Programme Agency set up in Malta
Legal Notice 384 of 2018, Individual Investor Programme of the Republic of Malta (Amendment) Regulations, 2018, and Legal Notice 385 of 2018, Malta Individual Investor Programme Agency (Establishment) (Amendment) Order, 2018 were published on the 16th November 2018 in the Government Gazette, with the aim of setting up a new and separate agency which will be responsible for the Malta …
Continue reading “New Individual Investor Programme Agency set up in Malta”
The General Data Protection Regulation
the right to be forgotten in connection with the Financial Services Sector by Gauci-Maistre Xynou Europe’s landmark data privacy law, GDPR, came into effect last May. What counts as personal data under the GDPR? The General Data Protection Regulation, better known as ‘GDPR’ has at its heart, the notion of ‘Personal Data’, defined in article …
CTRL +C, CTRL +V can spell trouble by
Forget generation gap issues in our ‘Copy & Paste’ habits. Unless you don’t use a computer, copying and pasting is part of our keyboarding lives – especially when it comes to downloading images/video clips to finish off a presentation, blog/vlog post or website update. Precious time is spent scrolling down myriad visuals until ‘the one’ …
Blockchain – the backbone of tomorrow’s digital ports by
Picture the scene. An autonomous truck fully loaded with goods leaving the warehouse and arriving without a hitch at its destination almost 200 km away. The stuff of a millennial James Bond movie? The latest commercial going viral? No, this is October 2016 when a self-driving semi-trailer heaped with Budweiser wheeled its way across the …
Continue reading “Blockchain – the backbone of tomorrow’s digital ports by”