The Malta Independent 11 December 2017, Monday

MFSA has until start of 2018 to provide feedback on law regulating digital currencies - Schembri

Thursday, 7 December 2017, 18:09 Last update: about 3 days ago

MFSA has until the beginning of 2018 to provide feedback on the discussion paper on virtual currencies, Parliamentary Secretary Silvio Schembri said when addressing the Blockchain and Bitcoin Conference, which covers topics such as ICO holding, trends of the blockchain industry, development of cryptocurrencies, and the challenges of legislative regulation of the fintech sector.

Schembri went on to say that the Malta Gaming Authority has issued a call for interested parties to register and provide details on distributed ledger technology (DLT) and cryptocurrencies projects, all this with the aim of increasing efficiency, managing risks better, creating opportunities and improving people’s lives.

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‘Innovation and technology will be the main drivers of growth in the future. This is evident in the announcements that our regulators have made,Schembri said

He added that the Maltese Government is now actively looking at establishing a regulatory body for DLTs while ensuring to build a strong DLT ecosystem.

 The Blockchain and Bitcoin Conference is a series of international events which have been held in Moscow, St. Petersburg, Kiev, Stockholm, Tallinn, Prague, and now also Malta.

 

 

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