Tagged: mfsa

February 18, 2024 @ 8:48 am By Omar Faridi  |  

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

December 27, 2023 @ 8:58 am By Omar Faridi  |  

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

February 23, 2020 @ 5:48 pm By Omar Faridi  |  

The Malta Financial Services Authority (MFSA), the nation’s financial regulator, released a statement on February 21, claiming that it never actually regulated Binance, the world’s largest crypto-asset exchange in terms of adjusted trading volume.  To quote the MFSA: Following a report in a section of… Read More

November 2, 2019 @ 11:29 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA), the financial regulator of Malta, has reportedly received 21 requests from digital asset exchanges that are interested in acquiring operational licenses under the island country’s Virtual Financial Assets (VFA) Act. As noted in a November 1 announcement on MFSA’s… Read More

March 11, 2019 @ 3:02 pm By JD Alois  |  

The Malta Financial Services Authority (MFSA) has enlisted CipherTrace Compliance Monitoring to better manage operational risks regarding digital assets. The MFSA is implementing the CipherTrace tool which is designed to continuously rate the risks of cryptocurrency businesses to protect consumers, investors, and business partners. The… Read More