Bobby Lee Calls For BTC to Reach All-Time High in 2020

28m
cointelegraph

Bitcoin Cash Halving in T-Minus 16 Hours, BSV to Follow

35m
cointelegraph

Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May

42m
cointelegraph

Jack Dorsey Donates 28% of His Wealth to Global COVID-19 Relief

1h
cointelegraph

Will the Coronavirus Lead to Innovation? » The Merkle News

1h
cryptonewmedia

Bitcoin Naysayer Jamie Dimon Praises $2 Trillion Stimulus While Predicting Great Recession

1h
cointelegraph

Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K

2h
cryptonewmedia

Altcoins Mark Return Of Bullish Phase But Analyst Warns Bitcoin Risks Drop To $5,600

2h
zycrypto

BTC’s Price is Either Going to Zero or Seven Figures

3h
cryptonewmedia

Why Bitcoin Needs Over $400 Million Monthly Inflow For Price To Maintain $7,000

3h
zycrypto

Bitcoin Dives to $7,000 as S&P 500 Tumbles: Is This It for Crypto...

3h
newsbtc

Stock Rebound is Trap, Go Bitcoin Instead: Galaxy Digital CEO

3h
bitcoinist

CME Bitcoin Futures Volume Finally Upticks Since March Crash, Is Institutional Investment Flocking Back?

3h
coingape

Former Facebook Exec: BTC's Price is Either Going to Zero or Seven Figures

3h
cointelegraph

ETH/USD Nearly Tests Critical 177.39 Level: Sally Ho's Technical Analysis 7 April 2020 ETH

3h
cryptodaily

Peak “Fear” Crypto Market Shows Big Bitcoin Recovery is...

4h
newsbtc

Ethereum (ETH) Gains Momentum Ahead of ‘ETH 2.0’ Upgrade

4h
cryptocurrencynews

What Makes DeFi Decentralized? Rune Christensen on Centralized Collateral and Decentralizing Make

4h
cointelegraph

Russian Darknet Criminals Sell $13M of Fake Cash for Crypto

4h
cointelegraph

Silk Road Founder Shares Update from Prison Amidst COVID-19 Pandemic

4h
utoday

Bitcoin Flashes “Warning Signs” After Facing Grim Rejection at...

5h
newsbtc

Ripple’s ODL Remittance Payments Are Blowing Up And Fueling XRP Rally

5h
zycrypto

Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?

5h
cointelegraph

March Sell-Off Reshuffles Top Exchanges for BTC Futures Trading

5h
beincrypto

Half A Billion People Use Anonymity Tools |

5h
cryptonewmedia


Malta’s Financial Watchdog Releases Industry Feedback on Security Tokens

cointelegraph

1mon ago

The Malta Financial Services Authority (MFSA) has released feedback on the definition of security tokens and challenges such assets face in Maltese markets.

In a paper published on Feb. 25, the agency gave feedback on security token offerings (STO) from 18 industry stakeholders, including national agencies, regulated businesses, technology providers, law and consultancy firms, among others.

The MFSA initially asked industry stakeholders to provide their opinions and advice on the definition of STOs last July. It also asked for their assistance in interpreting the challenges STOs face within the existing legal framework. The MFSA noted the absence of clear definitions for transferable securities both by it and at the European Union level.

According to the paper, the majority of respondents generally disagreed with the categorization of different types of STOs proposed by the MFSA. Most respondents said that there should not be a distinction based on whether the instrument is tokenized since the concept of transferable securities is unified by EU law. This distinction could ostensibly lead to risks of structuring arbitrage.

One suggestion was to develop a new framework for traditional transferable securities that deploy distributed ledger technology.

Others stated that Malta should adopt the taxonomy for crypto assets proposed by the Blockchain Research Institute, or that the categorization should depend on the impact of blockchain tech and the underlying infrastructure of a project.

The document contains other opinions on the issue, including the management of rights and obligations related to securities, double-checking verifications of transactions, and alternative solutions, among others.

In Malta — which claims to be a “blockchain island” for its industry-friendly policies — crypto startups still struggle to obtain financial services due to regulatory sluggishness. Last fall, companies were being turned away by banks that did not have the “risk appetite” to support such ventures. Instead, financial services remain reserved for those that are fully regulated by the MFSA, a process that can take up to six months for a first response.

Just recently, news broke that major crypto exchange Binance was not authorized to operate in Malta as the MFSA claimed that it had never approved the exchange:

“Following a report in a section of the media referring to Binance as a ‘Malta-based cryptocurrency’ company, the Malta Financial Services Authority (MFSA) reiterates that Binance is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA.”

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments