Malta Extends Scope of Proposed Virtual Currency Regulations
The Malta Financial Services Authority (MFSA) has published a”feedback statement” regarding its proposal for regulatory guidelines governing collective investment schemes involving virtual currencies (VCs) operating in the European archipelago nation. The statement has been issued following a consultation period from the 23rd of October 2017 to the 17th of November - in which the MFSA sought to gain feedback from Malta’s citizenry and private sector regarding the proposed regulations. Malta Provides Greater Clarity Regarding Proposed Cryptocurrency Regulations The MFSA, Malta’s financial regulator, has published a “feedback statement”, following consultation regarding “proposed regulation[s]” for “collective investment schemes investing in virtual currencies.” Malta’s regulator states that “The main proposals introduced” sought to safeguard “the interest[s] of investors and the integrity of the financial market in the context of virtual currencies.” A number of respondents enquired as to whether collective investment schemes with a “limited exposure” to cryptocurrency instruments will be subject to the same regulatory requirements as…
