Tagged: malta

European Banking Authority and MFSA Report Credit Institutions Taking Steps to Enhance Consumer Service Levels

Following a recent collaborative “mystery shopping” exercise between the Malta Financial Services Authority (MFSA) and the European Banking Authority (EBA), several credit institutions have “proactively taken steps to enhance consumer service levels based on the Authority’s recommendations.” The evaluation focused on personal loans and payment… Read More

Malta Financial Services Authority Introduces Framework for Notified Professional Investor Funds

The Malta Financial Services Authority (MFSA) is launching a new framework for Notified Professional Investor Funds (NPIFs). The framework provides for “an additional fund structure in Malta that benefits from an appropriately streamlined onboarding process and complements other existing fund frameworks.” The MFSA is launching… Read More

Regtech, Artificial Intelligence: Bank of Valletta Adopts Resistant AI’s AML Product to Tackle Financial Crime

Resistant AI, the AI and machine learning financial crime prevention specialists, today announces that Bank of Valletta, the largest bank in Malta, is to adopt its Transaction Forensics product for anti-money laundering (AML). It will “enable the bank to prevent and detect transactions that are… Read More

Digital Asset Firm Okcoin Makes Key Appointments in Europe, Ireland to Support Business Expansion

Okcoin is pleased to announce “the appointment, subject to regulatory approval, of Erald Ghoos as General Manager of Okcoin Europe, based in Malta, and David Renold as Chief Executive Officer of OKG Payments, Okcoin’s Ireland-based affiliate.” OKG Payments plans “to provide permitted products and services… Read More

It is Now Legal to Crowdfund Across All of the European Union But Challenges Remain

Earlier this month, the European Crowdfunding Service Providers Regulation (ECSPR) went into effect across the entire European Union. A dramatic step forward in removing internal borders in regards to capital formation, and part of the overall Fintech Action plan, the regulation allows firms in need… Read More

UK based Digital Asset Prime Brokerage Platform, BEQUANT, Appoints Huong Hauduc as General Counsel

BEQUANT, the digital asset prime brokerage and exchange, has reportedly appointed Huong Hauduc as General Counsel. As mentioned in an update shared with CI, Huong will be helping BEQUANT to “expedite the growth of the business across new jurisdictions and products.” Huong has almost 2… Read More

Fintech Acquisition: Global Payments Firm Nium to Acquire Ixaris, a Company Offering Travel Payments Optimization

Nium, an international B2B payments service provider, revealed on Monday (June 7, 2021) that it had signed a “definitive” agreement to acquire Ixaris, a company focused on travel payments optimization. As mentioned in a release shared with CI, the transaction is set to be finalized… Read More

Crypto Exchange Xcoins Receives Class 3 Virtual Financial Asset License From Malta Financial Services Authority

    Xcoins, a cryptocurrency exchange platform, announced on Monday it received its Class 3 Virtual Financial Asset (VFA) License issued by the Malta Financial Services Authority (MFSA). The company claims it was one of the first cryptocurrency exchanges to receive these permissions from MFSA…. Read More

Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority, Says DLT Platforms, Smart Contracts Can Make Calls to External Web Services

Contrary to “widespread” misconception, blockchain, distributed ledger technology (DLT) platforms and smart contracts are able to make calls to external web services, Dr. Joshua Ellul explains in an update shared with Crowdfund Insider. Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority; Expert Evaluator at… Read More

Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority, Shares Preprint of Paper on Pragramatic Approach to AI Regulation

Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority; Expert Evaluator at European Commission; Director of Centre for DLT at University of Malta, has shared a preprint for a paper that his team plans to present in June 2021 on a “pragmatic” approach to the… Read More

Revolut Expands into Ten More European Markets with Digital Banking Services

Digital bank Revolut is expanding its banking services in 10 new European markets. According to a release, customers in the following countries may now utilize the Revolut banking app: Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia. Revolut, which currently claims over… Read More

Dr. Joshua Ellul: Chairman of Malta Digital Innovation Authority Explains how AI, IoT, Blockchain based Smart Contracts are Improving Digital Economy

We recently caught up with Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta. Dr. Ellul discussed how blockchain-based smart contracts are streamlining routine business processes. He also talked about his research interests which include… Read More

Top Crypto and Blockchain Predictions for 2021 and Beyond – Part 2

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More

CoinDeal Claims First Class 4 Virtual Financial Assets Licence License in Malta

CoinDeal says it is now the first company to have obtained a Class 4 Virtual Financial Assets (VFA) Licence in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange reports that it has just received a letter on 16 December 2020. CoinDeal explains… Read More

OKEx Announces Restoration of Full Range of Services For Users By Reopening Digital Asset Withdrawals

OKEx, a top 20 crypto exchange, announced on Friday it has restored its full range of services for its users by reopening withdrawals of all digital assets. OKEx reported that its team ran comprehensive security checks prior to resuming normal operations of the hot wallet… Read More

Dr. Joshua Ellul and Colleagues Present New Paper on Improving Runtime Verification of Blockchain based Smart Contracts

Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta, and his colleagues have authored a new paper, titled “Towards Configurable and Efficient Runtime Verification of Blockchain Based Smart Contracts at the Virtual Machine Level.” The… Read More

VAIOT Becomes First Digital Asset Regulated by the Malta Financial Services Authority

  VAIOT has become the first digital asset to be regulated by the Malta Financial Services Authority (MFSA) falling under the Maltese Virtual Financial Assets Act (VFAA), according to a note from the company. VAIOT seeks to enable both businesses and consumers to utilize a… Read More

Top Crypto Exchange OKEx Under Investigation by Chinese Authorities – Report

OKEx, a top 20 crypto exchange, is under investigation by Chinese authorities according to a report. OKEx provides both spot and crypto derivatives trading. It has been widely reported that the price of Bitcoin tanked as word leaked out and OKEx suspended all withdrawals. The… Read More

AI and Machine Learning Technologies Are On the Rise Globally, with Governments Launching Initiatives to Support Adoption: Report

Kate MacDonald, New Zealand Government Fellow at the World Economic Forum, and Lofred Madzou, Project Lead, AI and Machine Learning at the World Economic Forum have published a report that explains how AI can benefit everyone. According to MacDonald and Madzou, artificial intelligence can improve… Read More

Dana Farrugia from Tech.mt in Malta Says Company Is Focused on Establishing a Global Financial Hub for Integrating Digital Technologies

Dana Farrugia, CEO at Tech.mt, a Żejtun, Malta-based IT company that was established last year by the Southern European island nation’s government, notes that her organization aims to help Malta with attracting foreign direct investment (FDI). It also aims to support international business development projects. Farrugia… Read More

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