Malta’s Crypto Licenses Remain Secure After EU Review
The Malta Financial Services Authority (MFSA) has confirmed that all licenses issued under the Markets in Crypto-Assets Regulation (MiCA) remain secure following a detailed peer review by European Union (EU) regulators. This development highlights Malta’s leadership in crypto regulation and its commitment to maintaining a robust framework for crypto asset service providers (CASPs).
Key Findings from the EU Review
- No MiCA licenses in Malta face revocation.
- The MFSA is addressing identified gaps to enhance supervision.
- Malta’s proactive stance on crypto regulation reaffirmed.
ESMA’s Role and Recommendations
The European Securities and Markets Authority (ESMA) conducted the review, focusing on Malta’s regulatory approach. ESMA recommended improvements to ensure consistent supervision across the EU. “We trust this review boosts confidence in Malta’s regulatory framework,” said MFSA CEO Kenneth Farrugia.
Malta’s Pioneering Efforts in Crypto Regulation
Since 2018, Malta has been a trailblazer in DLT and crypto asset regulation. The country’s holistic approach covers both technological and financial aspects, setting a benchmark for others.
Future Steps and Implementation
The MFSA aims to fully implement ESMA’s recommendations by September 2025. This timeline ensures Malta continues to be a trusted hub for crypto businesses.
