Malta Finance Watchdog Pushes Ahead With Crypto Fund Rules

Malta’s Economic Services Authority (MFSA) published the feedback it received on its proposed rules for collective investment schemes involving cryptocurrencies on Monday.

The MFSA first sought feedback on its proposed rulebook final October as portion of a bid to regulate skilled investor funds (PIFs) that concentrate on cryptocurrencies. The proposal notably changed the structure from a standalone rulebook to a supplementary document for current investor rules primarily based on industry comments, according to the document.

The modify came as a result of the “ample feedback” MFSA received requesting this alter, in accordance with the agency.

Whilst the final set of rules has not yet been released, the MFSA did state that, primarily based on industry feedback, it has updated its existing rules proposal to permit for investments in each cryptocurrencies and tokens released as component of an initial coin supplying (ICO).

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