JILANI09
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Crypto Regulation
Malta reassures on the compliance of its licenses with MiCA
When pioneers have to adapt to latecomers. Very early, as early as 2018, the island of Malta was able to provide a clear framework for the Bitcoin (BTC) sector and crypto companies. But being a pioneer has its disadvantages. Indeed, the crypto licenses issued since that time must now be compatible with the very recent MiCA regulation (Markets in Crypto-Assets) of the European Union (EU), which comes into effect on December 30, 2024 (more than 6 years later). A situation that forces Maltese regulators to adapt to the requirements of European supranational regulators.
When pioneers have to adapt to latecomers. Very early, as early as 2018, the island of Malta was able to provide a clear framework for the Bitcoin (BTC) sector and crypto companies. But being a pioneer has its disadvantages. Indeed, the crypto licenses issued since that time must now be compatible with the very recent MiCA regulation (Markets in Crypto-Assets) of the European Union (EU), which comes into effect on December 30, 2024 (more than 6 years later). A situation that forces Maltese regulators to adapt to the requirements of European supranational regulators.
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