The Malta Financial Services Authority has published new rules regulating collective investment schemes using virtual currencies.
The regulatory framework being presented will be the first of its kind, making Malta the first jurisdiction to set-up this framework to ensure investor protection and financial soundness with regards to collective investment schemes that invest in virtual currencies. The publication of the rules ensures that risks associated with virtual currencies are properly addressed.
Malta intends to take the necessary steps towards having a Virtual Currency Act, while at the same time the Maltese authorities are working towards the regulation of virtual currencies, ICO’s, exchanges and the use of blockchain technology.
