Malta Moves Further Toward Passing 3 Promising Pieces of Crypto Legislation

[kreslik.news]

This Tuesday, three bills related to cryptocurrency were approved by the Cabinet of Malta. Perhaps the most significant of all of these is the Virtual Financial Assets Bill, a piece of legislation that creates a regulatory framework for cryptocurrencies and ICOs.

The other two bills passed on Tuesday were the Malta Digital innovation Authority Bill and the Technology Arrangements and Services Bill.

None of the three bills are law yet–before they’re put on the books, each of them will need to be debated by the House of Parliament.

The bills have at least one powerful parliamentary figure rooting for them. Silvio Schembri, Parliamentary ... (read more)