RSM Malta

Blockchain: Regulatory framework for DLT approved by Maltese Parliament

The Maltese Parliament approved laws to regulate DLT based innovations on the 4th of July. The 3 laws are  Malta Digital Innovation Authority, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. The laws, which are the first of their kind in the world, will set up the regulatory regime addressing the use of DLT technology including ICO, crypto currencies, and other applied solutions based on blockchain.