On Nov. 5, MLT PRL issued text of the Markets in Crypto-assets Act.
MLT PRL issued Markets in Crypto-assets Act XXXVI of 2024 of Nov. 5, 2024.
Follows MLT GVT Nov. 2024 issued regulations on fees payable to MLT FSA, #232466.
Overview
Act sets out requirements applicable to offers to the public and admission to trading on trading platform of asset-referenced tokens, e-money tokens, other crypto-assets.
As well as requirements for crypto-asset service providers; Part X has transitional rules, Part XI amends Banking Act and Part XII amends Virtual Financial Assets Act.
The act shall be deemed to have come into force on Jun. 30, 2024, with exception of Parts II, V, VI, X and XI that will come into force on Dec. 30, 2024.
Effectiveness
The act is deemed to have entered into force on Jun. 30, 2024 with exceptions (above) which will do so on Dec. 30, 2024.
