Malta to Introduce Laws for Virtual Currencies

 

Being aware of the financial market fluctuations and changes, particularly the ones regarding the virtual currency, the Malta Financial Services Authorities decided to implement a legal framework and to help business persons interested in collective investment schemes in this country. MFSA took into consideration various recommendations in this direction and focused on how virtual currencies can be invested. Foreign entrepreneurs looking for portfolio expansion in Malta and company registration in varied fields are invited to ask for assistance and information from our specialists in company formation in Malta.

 

 

The cryptocurrency market has observed a significant development in the past year, and many investors are directing the attention to the various potential use of blockchains, the decentralized technologies which are well-appreciated. Knowing that the phenomenon is gaining weight among European countries, Malta wants to welcome the virtual currencies and explore them to the maximum. The first step in this sense is to implement a set of laws through which the MFSA will control the foreign investments made in virtual currencies. The same financial authorities outlined that only professional investors from abroad will have access, at the moment, to virtual currency-related collective investment structures in Malta.

 

If you want to know more about how cryptocurrency companies can be registered in Malta and about the legislation involved, it is best to talk to one of our Maltese company formation agents. The company incorporation process in Malta is subject to fewer formalities which encourage foreigners to open companies in a fast and reliable manner.

 

 

The money acquired with the help of share sales in a scheme can be capitalized through collective investment structures in Malta and particularly through ICOs (Initial Coin Offerings). These kinds of investment tools will be seen as direct investments made in virtual currencies in Malta. The financial authorities in Malta are the first ones who considered and worked on a regulatory framework for virtual currencies, and this step represents an important stage in sustaining the digital economy in this country.

 

Entrepreneurs from abroad can contact our team of company formation representatives in Malta for in-depth information about how to set up companies in Malta.