Virtual Financial Asset Act in Malta

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What is

Virtual Financial Asset Act in Malta

?

Malta's government implemented the Virtual Financial Asset Act (or VFA) in 2018. It regulates the virtual asset markets in Malta aiming at supporting the innovation of financial services related to crypto-assets while protecting consumers, financial markets integrity, and stability.

The regulation is supervising both cryptocurrency service providers and cryptocurrency issuers.VASPs must submit
an application for registration through a VFA agent authorized by the Malta Financial Services Authority.

MFSA's website.