Startups found it difficult to secure basic banking services from the commercial sector due to a reluctance to support digital currency and blockchain businesses, Finance and Employment Minister Clyde Caruana said.
Arb Signals Limited said it is registered in Malta, but the country’s Financial Services Authority (MFSA) disputed the claim in a statement.
The Maltese financial regulator has issued two warnings against two platforms that have been offering digital currencies without the required authorization.
Albania’s parliament has approved new laws recognizing and legitimizing digital currencies. It becomes the third European nation after Malta and France.
Some 57 companies had applied for a license in Malta, but failed to secure one by virtue of not completing the process by November 2019.
Crypto Foxtrades and COINMALEX are not “licensed, registered or domiciled” in Malta, despite the firms’ claims to the contrary.
Trident Crypto Fund was reportedly hacked by unknown criminals who exposed data belonging to 266,000 users, including passwords, phone numbers and IP addresses
Chilean exchange CryptoMarkets has obtained a license in Estonia, allowing it to offer its services in Europe, the third such time by a South American exchange.
The nChain chief scientist has penned a stern warning to Binance exchange and its founder and CEO, Changpeng Zhao.
Maltese regulators have made it quite clear that Binance has never received authorization to operate in the country.
Jonathan Galea, managing director of Blockchain Advisory, explained the key differences between fintech and decentralized finance.