Blockchain has the potential to powerfully disrupt many aspects of how businesses and economies work; even how societies are organised. Blockchain goes to the core of the role of trust in markets – an area that is central to PwC’s purpose.
Malta’s strategy and regulatory framework for Distributed Ledger Technologies (DLT) such as cryptocurrency businesses (including exchanges) and virtual assets is creating new business opportunities in a fast-evolving digital environment. The Maltese parliament is enacting three new laws enabling blockchain based businesses: The Malta Digital Innovation Authority Bill, The Technology Arrangements and Services Bill and the Virtual Financial Assets Bill.
PwC is helping its clients develop and execute their blockchain strategies. Together with our global network of PwC firms we strive to deliver blockchain solutions that provide trust, transparency, and security. Together, we can differentiate your business and help you set the stage for future growth.
Bills to be approved by the Maltese Parliament
Three bills have been published by Government that should take on the force of law following Parliamentary approval. Although they are still subject to change, they should provide a strong indication of what these laws will eventually regulate. Of notable value, is the Virtual Financial Assets Bill that should regulate and allow for Initial Coin Offerings (ICOs) as well as cryptocurrency exchanges in and from Malta.
Below is a short brief about each law and a link to the full version published by Government: