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Innovative Technology Arrangements and Services Act in Malta

On the 26 June 2018, Maltese Parliament approved the three bills regulating blockchain technology and cryptocurrencies in Malta. Whilst the Virtual Financial Assets Act creates a framework for the regulation of ICOs, cryptocurrencies, cryptocurrency exchanges and other intermediary services related to cryptocurrencies; the Innovative Technology Arrangements and Services Act (ITAS) which goes hand in hand…

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Consultation Paper on the Virtual Financial Assets Regulations in Malta

The MFSA issued a consultation paper entitled ‘Consultation with the Financial Services Industry with regards to the Virtual Financial Assets Regulations to be issued under the Virtual Financial Assets Act’ found here. The draft legal notice sets out the Virtual Financial Assets Regulations (Regulations) which will be issued under the Virtual Financial Assets Act (VFAA),…

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Production of Cannabis for Medicinal and Research Purposes Act and Amendments to the Drug Dependence (Treatment not Imprisonment) Act

he Maltese Parliament enacted a new Act which regulates the production of cannabis for medicinal and research purposes under a controlled and supervised environment. The said Act came into force on the 17 April 2018 and succeeded the amendments made by the Maltese Parliament on 26 March 2018 to the Drug Dependence Act (Treatment not…

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Parliament Releases Three New Bills to Regulate Blockchain Businesses

On the 22 May 2018, the Maltese Parliament presented to the public the much awaited draft bills regulating blockchain technology, cryptocurrencies as well as cryptocurrency exchanges and other intermediary services relating to cryptocurrencies. The draft bills published are the: i. Virtual Financial Assets Act (VFAA); ii. Malta Digital Innovation Act (MDIA); and iii. Innovative Technology…

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EMD has updated its Privacy and Cookies Policy in line with the GDPR

EMD as Data Controller is committed to protecting your privacy. EMD will not collect any personal information about you unless you provide it voluntarily or unless we are legally required to obtain it in terms of our Anti-Money Laundering (‘AML’) obligations. We will process any personal data only insofar as is necessary to provide one…

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Maltese Legal Framework for Distributed Ledger Technology Platforms

A Consultation Paper entitled “the establishment of the Malta Digital Innovation Authority; the Framework for the Certification of Distributed Ledger Technology Platforms and Related Service Providers; and a Virtual Currency Act” was issued on the 16 of February 2018 by the Government of Malta. Interested parties are requested to provide feedback regarding the consultation paper,…

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The Malta Financial Services Authority on Virtual Currencies

The Malta Financial Services Authority (“MFSA”) issued two consultation documents with regards to Virtual Currencies: A Consultation on the Proposed Regulation of Collective Investment Schemes Investing in Virtual Currencies. MFSA took into consideration the feedback they received and on 29 January 2018 published specific supplementary licence conditions applicable to Professional Investor Funds investing in Virtual…

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Claim for Deduction of School Transport Fees, Cultural and Creative Courses Fees and Sports Activities Fees

School Transport Fees Parents, who during year 2017 paid school transport fees for their children who are under 16 years of age and who attend a church school or private school during 2017 are allowed a tax deduction against their income. Such deduction is limited to a maximum of €150 per child per annum. A…

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Claim for Deduction of School Transport Fees, Cultural and Creative Courses Fees and Sports Activities Fees

School Transport Fees Parents, who during year 2016 paid school transport fees for their children who are under 16 years of age and who attend a church school or private school during 2016 are allowed a tax deduction against their income. Such deduction is limited to a maximum of €150 per child per annum. A…

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Malta’s Licensing of Skill Games

As all the major participants in the gaming world are gearing up to meet at ExCel, London, the Malta Gaming Authority (MGA) announced its regulation for Skill Games, including a Skill Games Licence for Fantasy Sports Operators. This licence is applicable for both B2C and B2B. This is different from the other class licences offered…

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