The Malta Financial Services Authority (MFSA) has published its Feedback Statement on the Consultation on the Proposed Regulation of Collective Investment Schemes investing in Virtual Currencies following the issuance of the Consultation Document on 23 October 2017.
The main proposals introduced within the regulatory framework aim at safeguarding the interest of investors and the integrity of the financial market in the context of virtual currencies. The consultation period for the proposed regulation had closed on 17 November 2017.
This statement summarises the feedback the MFSA received on the Consultation Document and sets out the MFSA's response and position thereto.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.