Malta Initial Coin Offerings (ICOs) Licencing Process

Malta’s nickname the “Blockchain Island” is no surprise to the crypto world as its progressive approach towards cryptocurrencies and Distributed Ledger Technology (DLT) has already attracted some of the world’s largest crypto exchanges who have either moved management and control to Malta or simply opened new offices on the Maltese islands. It should be noted that on the 1st of November 2018, the first step in regulating and making ICOs more transparent and accessible to the public will come in force by introducing “The Virtual Financial Assets Act, 2018”.

During the Delta Summit which was held earlier in October, the Prime Minister of Malta reiterated the following words: “Welcome Home, Welcome to Malta, Welcome to the Blockchain Island.” Malta’s outstanding approach to both protect investors and allow an arena of technological disruption via blockchain companies to revolutionise the financial services sector is why the Maltese islands are presently at the forefront of the crypto world.

Hence, during the past months, a number of initiatives have been launched aimed at providing an innovative and attractive regulatory framework for entities operating in blockchain technology, cryptocurrencies, cryptocurrency exchanges and for those entities interested in raising funds via Initial Coin Offerings (ICOs).

For more information regarding DLT in Malta, please contact Thomas Jacobsen on enquiries@papilioservices.com