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Malta offers rules for investment cryptocurrency funds



The government of Malta is seeking public opinion on proposed rules for investment funds, which focus on cryptocurrency.



24.Oct.17 12:24 PM
By Daria Zaytseva
Photo Toinnov.com

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Malta offers rules for investment cryptocurrency funds

The Malta Financial Services Authority (MFSA) has published a proposed rule on October 23 that would determine how professional investment efforts request stakeholders, manage risks and manage themselves.

The release, subject to further change after the end of the consultation period next month, represents the last step of the Maltese government to implement public policy changes in light of the technology.

In a statement, MSFA said that its work could grow to cover a number of types of investment funds.

The government stated that it would accept input from potential participants until November 10, after it which is expected that it would check the results and adjust the proposed rules accordingly.

Ultimately, the regulator said that it was approaching a new set of rules in terms of investor protection.




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