The well-known cryptocurrency exchange, Binance, is in the process of moving their operations to Malta. The exchange, which is said to be the most popular exchange in the world, made a quarterly profit of $200 million in Q1 2018, and turns over an estimated volume of $1.6 billion a day.
In recent times, start-up businesses have drastically changed the way they acquire capital for their new ventures. Nowadays, it is possible for businesses to take their forward thinking ideas to the masses and raise capital from a much bigger pool of potential investors.
Modern day entrepreneurs have creative ways of raising money like crowdfunding, which is steadily gaining dominance. ICOs operate under similar principles in that investors are offered shares in a currency that is still in development. In exchange, they contribute the more popular digital currency such as Ethereum and Bitcoin. Fiat currency like the Euro and USD can also be used.
In 2009, a seismic shiver ran through the financial sector. The global financial crisis was more than just a practical disaster. On a psychological, philosophical, and ethical level, it exposed crippling uncertainties within the financial arena. Like a weed in the heart of the garden, the roots of this failure ran frighteningly deep.One of the responses to this has been a shift away from centralised banking and towards technologically driven decentralised networks. Enter Blockchain. Blockchain represents an ideological statement that rejects the central ledger approach, and instead gives power to hundreds of thousands of users, each participating in the transaction approval process. Known as decentralised ledger technology (DLT), Blockchain harnesses technological innovation for financial security, stability, and trust.
Navigating the legal landscape of a new country can be daunting, especially if there's a language barrier. In Malta, a country that's become a hub for expats, the need for English-speaking lawyers has risen substantially. Whether it's for business, residency, or personal matters, finding a lawyer who can communicate effectively in English is essential. This article explores the world of legal services in Malta, tailored specifically for those who prefer to converse in English.
At the beginning of November 2018, a guideline on how to treat stamp duty, income tax and VAT on transactions that involve Digital Ledger Technology assets was issued by the Malta Commissioner for Revenue as part of the VFA tax Act. In the guidelines, the DLT assets were classified into coins and tokens, with the tokens further being classified into financial tokens and utility tokens. The guidelines came in three sets, with each set covering either the income tax, stamp duty or the VAT.
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Co-founder of Apple, Steve Wozniak, has had an eye on Malta for decades and chose the Island as a jurisdiction to launch a new blockchain based energy savings firm. The company is called EFFORCE and sets out to assist people to save money on energy through the use of blockchain technology, in addition to preserving the environment.Wozniak stated that the blockchain technology can reduce energy consumption without changing consumer habits. The technology is also more secure compared to the use of standard servers.
When you think of Malta, what comes to mind? Is it the mysterious history of the Knights Templar, the bright blue of the Mediterranean sea, or the picturesque island landscape with its beaches and garigue land? It's a reasonable guess that you're not thinking of the world of finance. Yet Malta is a rising star in the high-tech finance firmament. Malta has become a major nexus for the new technologies shaking up the financial world: cryptocurrencies and the blockchain technology on which they're based.
Raise capital for your venture by registering an ICO. Let us guide you through the entire process from assessing your tokenomic model, creating smart contracts, legal document requirements, marketing and tax planning.
Let us guide you through launching your STO and help you getting started with issuing security tokens backed by a real world assets. Digitize your business by using the blockchain to raise capital for your business.
A cryptocurrency exchange has the toughest requirements from the VFA services regulated in Malta. When holding clients money, VFA’s and cryptographic keys the regulation takes great care of protecting users. Let us guide you through the complete registration of registering your cryptocurrency exchange.
The VFA agent is central in conducting crypto and blockchain related business in Malta. The agent is the bridge between your business and the authorities. Our experience as VFA agent will guide you through the fit and proper tests, financial instruments tests and ensure your business remains compliant.
Contact us via telephone or fill out the form below to discuss your blockchain and crypto needs.
