The Malta Financial Services Authority (MFSA) has unveiled a set of guidelines to regulate Virtual Financial Asset (VFA) Service Providers and bring increased transparency, ethics, and compliance.
These guidelines, rooted in Malta’s Virtual Financial Assets Act, establish requirements VFA Service Providers must adhere to, such as mandatory audits and VFA service disclosures. The MFSA has amended these guidelines to align with the EU MiCA legislation when it takes effect in December 2024. The amendments include new evaluation processes for VFA Service Providers seeking licensing.
These guidelines, currently open for public consultation, are designed to safeguard investor interests, bolster market integrity, and uphold the long-term viability of Malta’s digital finance ecosystem, aligning it with evolving international standards and regulatory developments.
