Following the enactment of the blockchain framework legislation by the Maltese Parliament on the 4th of July 2018, the first legal notice establishing the effective date when the Malta Digital Innovation Authority comes into force has been published. By means of Legal Notice 250 of 2018, the Minister for the Digital Economy has established the 15 July, 2018 as the date on which the provisions of the Malta Digital Innovation Authority Act shall be deemed to have come into force. The Malta Digital Innovation Authority is now formally set up.
This now officially starts the process for the recruitment of staff and the detailed regulatory regime on DLT and smart contracts and related innovative technology. This is expected to occur over the summer so that in October 2018 the provisions of the Innovative Technology Arrangements and Services Act will also come into effect.
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