The regulatory body responsible for the issuing of Malta cryptocurrency and digital assets' licences and monitoring financial services activities is the Malta Financial Services Authority, also known as the MFSA. The Malta regulator provides a regulatory framework for all financial companies including cryptocurrency and digital assets' regulation from rule making and investigatory practices, to powers of enforcement and ensuring statutory conditions are met.
Malta has positioned itself as a prime Fintech island over the last decade. As a result, it has attracted many electronic money establishments, payment service providers, cryptocurrency and digital assets' exchanges, as well as developing into the largest iGaming hub in the world.
Malta has drafted a legal framework to regulate various forms of Virtual Financial Assets (VFAs) and Virtual Financial Assets-related services. The Malta Financial Services Authority (MFSA) assesses applications based on the following legal acts:
There are four types of licenses issued by the MFSA in relation to cryptocurrency, which are broken down into the following categories:
The minimum capital requirement for holding a VFA Class 4 service license is 730,000 EUR. Contact us for information on capital requirements on the lesser Class 1 to Class 3 licenses.
If engaging in the business of virtual financial assets and crypto exchanges, you must have a physical presence in Malta. You must create a legal entity (Private Limited Liability Company), rent an office space, and hire a minimum of three staff. The director of the company may be used as one of these nominal representatives.
The experience and qualifications of personnel constitute one of the most important elements of a successful application. It is very important to be able to locate and select qualified individuals, who would constitute the minimum required key personnel of your firm. These individuals must be approved by the regulator.
We can handle all relevant subjects which include selection of the personnel, immigration and work permits, drafting employment contracts and, most importantly, check adequacy of the candidates against the key position in your firm.
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The regulator requires you to disclose most all aspects and details of your business. Our business is to ensure you meet the regulator's requirements, and we will review what you currently have or complete what is needed for you.
Malta is within the EEA and has a number of options to choose from banks serving the financial services sector. We will facilitate bank introductions and account openings.
Malta has close ties with European nations and is a member of the EU. Establishing institutional relationships with liquidity providers and prime brokers not so difficult. We will help you establish the institutional relationships you need to build a successful business.
When you engage with us, our scope of service covers all of the aspects you need in order to get your crypto licence:
3 to 5 months.
Call +1 415 528 2002, if you want to talk now,
or email firstname.lastname@example.org.
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