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MFSA releases Consultation Paper on achieving a Higher Degree of Investor Protection under the Virtual Financial Assets Act

The MFSA has issued a consultation paper in order to present to the industry a draft legal notice setting out further regulations to complement proposed rules in a previously issued consultation paper regarding the VFA rules for issuers of VFA. The draft legal notice set out further regulations on [i] the appointment of a custodian; [ii] the monitoring of milestones; and [iii] maximum investment limit for retail customers.

The consultation period will run until the 31st August 2018. For further details on ICOs, virtual currencies, Blockchain technology applications, and other related matters, please contact us on info@dfadvocates.com or telephone +356 2131 3930 / +356 2134 0401 .

 

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