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ARTICLE · 11 NOVEMBER 2024

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Malta's MiCA Act: Now Enacted

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Following the introduction of the Markets in Crypto-Assets Bill as discussed in our previous article, Malta has officially enacted the Markets in Crypto-Assets Act, 2024 (Act No. XXXVI of 2024) (the "MiCA Act").

MaltaTechnology

Following the introduction of the Markets in Crypto-Assets Bill as discussed in our previous article, Malta has officially enacted the Markets in Crypto-Assets Act, 2024 (Act No. XXXVI of 2024) (the "MiCA Act"). This legislation fortifies Malta's role as a front-runner in crypto-asset regulation, synchronizing with the EU's MiCA regulation to promote uniformity across the European Economic Area ("EEA").

The MiCA Act creates a comprehensive framework for the regulation, issuance, and admission to trading of crypto-assets, while setting clear operational standards for Crypto-Asset Service Providers ("CASP"s). Here is a deeper look into what the MiCA Act regulates:

  • Asset-Referenced Tokens ("ART"s): these are crypto-assets designed to maintain a stable value by being pegged or referenced to other values such as fiat currencies, commodities, or other crypto-assets.

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