Another European Country is Preparing for the Cryptocurrency Law MiCA: Change in the Rules!

The European country of Malta is planning to change its rules for crypto companies in preparation for MiCA, which will come into force next year.

Malta Financial Services Authority (MFSA) In the statement published on the official website on September 18, he made a statement regarding the rule changes he proposed for crypto companies. Requested public opinion.

According to the information provided by MFSA exchanges, crypto asset custodians And portfolio managers rules for 2024 which will come into force in of the European Union (EU) Considered a turning point in the regulation of the cryptocurrency industry to MiCA properly rearranges.

The regulator is first in 2018 put into effect Virtual Financial Assets (VFA) Among the changes planned to be made in the legislation, various capital requirements, resource usage rules And to customer categorization Significant changes attracted attention.

For various licensees within the rules reducing capital requirements While there are studies on companies’ Removal of reporting responsibilities It was determined that it was planned.

MFSA is open to citizens who wish to contribute. 29 September He stated that he could express his views and opinions until the deadline.

source site-9