Malta Seeks to Change Its Crypto Rulebook to Get Ready for MiCA

MiCA, which takes effect in 2024, represents the world’s first comprehensive crypto regulation in a major jurisdiction, allowing service providers to operate across the bloc with a single license. As an EU member, Malta wants to align its crypto rules with MiCA and „ensure a smooth transition for Virtual Financial Assets (‘VFA’) Service Providers“ in the country, the regulator said in its consultation.