On the 25th of February, the Malta Financial Services Authority published Chapter 3 of the Virtual Financial Assets Rulebook for VFA Service Providers, following the consultation paper that was issued in August 2018.

The document covers the following:

  • The high level principles which are meant to serve as guidelines to VFA Service Providers in their provision of services in or from within Malta;
  • The VFA Service Providers’ licensing requirements and licensing process;
  • The obligations that VFA Service Providers must be in adherence with; and
  • The enforcement and sanctions imposed in case of misconduct.