Malta starts public consultation to align with MICA
Malta's Financial Services Authority (MFSA) has initiated a public consultation to amend its cryptocurrency-related regulations to align with Europe's Markets in Crypto-Assets (MICA) rules, set to become effective in December 2024. The public consultation period is open until September 20. The Revised Rulebook of Malta proposes changes to the rules for exchanges, custodians, and portfolio managers to align with the European Union's MiCA. Malta initially established its crypto framework in 2018 with the Virtual Financial Assets (VFA). The amendments aim to ensure compliance with the upcoming universal EU laws under MiCA regulations, replacing existing regulations across EU nations.
https://www.coingabbar.com/en/crypto-shorts-news