The Malta Financial Services Authority has recently published a consultation document containing proposed rules and regulations regarding Professional Investments Funds (PIFs) investing in Virtual Currencies. This rulebook contains a number of proposals aimed at safeguarding the interests of investors, as well as the stability of the financial market, through a number of requirements being placed upon Professional Investment Funds in addition to the existing rules applicable to such funds. The MFSA’s rule book forms part of the Maltese government’s development of a national strategy with the aim of fully integrating blockchain technology and virtual currencies.
The consultation document, which is not final or binding in nature, provides for the submission of suggestions, changes and improvements by members of the industry; such submissions are to be made by the 10th of November, 2017.
For more information on Cryptocurrencies, Bitcoin, ICOs and related areas please contact Dr Ian Gauci on firstname.lastname@example.org