What can we learn from Malta, Blockchain Island
MFSA (Malta Financial Services Authority)
MDIA (Malta Digital Innovation Authority)
The interest in what Malta is offering for the flourishing of the blockchain industry was quite overwhelming, with the MFSA receiving over 350 notifications from companies that operate in this sector.
1) VFA (Virtual Financial Assets) agents
2) System auditors
3) Bridging between both authorities — i.e., the MFSA and the MDIA - to ensuring the best practices possible for
- market integrity,
- financial stability, and
- consumer protection.
To incept the prestige among companies that acquire a Maltese license.
A very good sharing by Silvio Schembri, Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister of Malta
Read the full article at: https://cointelegraph.com/news/a-landmark-for-the-blockchain-island
Guidance Note to The Financial Instrument Test can be found here.