Crypto Regulations in Malta- Need Of Hour

As Malta is one of the biggest and most popular hub for cryptocurrency related business, recently The International Monetary Fund (IMF) has warned the Authorities in Malta that they need to immediate action against the Anti Money Laundering (AML) and combating the financing of terrorism (CFT) as per the Times of Malta on Feb. 28.

Malta Financial Services Authority (MFSA) is the controlling authority in Malta that controls and monitor all financial activities.

As we know money laundering/terrorism financing is the biggest risk of the current time and it needs to be monitored and supervised seriously.

Related to blockchain technology and cryptocurrencies, the report emphasises on increasing the monitoring resources and services as there are crypto related firms and tech companies operating from Malta.

Below are some facts to know about Malta:

Fact Status Source
Population 4,29,344 Eurostat
GDP per capita ($) 31,850 IMF
Quality of life 15th of 28 EU members Eurostat
Global Innovation Index 26th of 128 countries WIPO
Ease of doing business 84th of 190 countries World Bank
Getting electricity 78th of 190 countries World Bank
Corruption 46th best of 180 countries Transparency International




Disclaimer: We do not encourage or suggest anybody to invest in Bitcoin and other Cryptocurrencies, please do your own full research and follow the law/rules as per your country standard.

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Author: Manoj Raturi

I am a Blockchain Technology enthusiast and love to read and write about it.

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