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ARTICLE · 07 MAY 2024

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Document: EU Regulation, MiCa Obligations & VFA Framework

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Malta was indeed the first country to have a regulatory framework for blockchain technology.

European UnionTechnology
Justine Scerri Herrera
Justine Scerri Herrera
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Crypto Licence Background - Malta

MICA REGULATION & VFA FRAMEWORK

Malta was indeed the first country to have a regulatory framework for blockchain technology. Thus, putting professionals like us at the forefront of the crypto revolution, and giving us a head start over other jurisdictions.

Since then, we have been guiding clients through the legal requirements to set up a legitimate cryptocurrency business in Malta. A number of frameworks are in place as governing legislation; the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. Most recently, the EU also introduced MiCa into the mix, with much anticipation from crypto stakeholders.

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