On the 31st of January 2019, the Malta Financial Services Authority (“MFSA”) revealed its strategy for the next three years in a public press conference.
“Vision 2021” sets out the MFSA’s mission and strategic vision, underpinned by a set of goals and objectives. The Authority also published a consultation document on the MFSA’s FinTech strategy, which proposes the introduction of a ‘Regulatory sandbox’ and ‘Innovation Hub’. This latter creates an ‘incubator’ wherein new technologies for financial services can be tried and tested in a specially designed environment.
The Maltese business and regulatory landscape continues to evolve, embracing innovation while maintaining optimal standards. Such developments continue to attract ever more entrepreneurs in Blockchain, Fintech, and other related sectors to Malta’s shores.
Sammut.legal is an active participant in these fields and regularly provides advisory and other services to a number of clients. For more information on Blockchain, Fintech, and related legal matters, please Contact Us.