Regulatory Alerts2021-03-24
Added · Updated
Circular to the industry in relation to amendments to the VFA Act
The Malta Financial Services Authority issued this circular to implement immediate amendments to the Virtual Financial Assets Act. The changes clarify the definition of a VFA Exchange to explicitly include transactions between virtual assets and fiat currencies, aligning the scope with international standards. Additionally, a new VFA Service has been added to the Second Schedule of the Act, prompting the Authority to engage with authorized entities to assess its applicability.
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