Document: EU Regulation, MiCa Obligations & VFA Framework

Crypto Licence Background - Malta

Mica Regulation & VFA Framework

Malta was indeed the first country to have a regulatory framework for blockchain technology. Thus, putting professionals like us at the forefront of the crypto revolution, and giving us a head start over other jurisdictions. 

Since then, we have been guiding clients through the legal requirements to set up a legitimate cryptocurrency business in Malta. A number of frameworks are in place as governing legislation; the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. Most recently, the EU also introduced MiCa into the mix, with much anticipation from crypto stakeholders.

As a virtual financial asset (VFA) agent, MK Fintech Partners conducts Financial Instruments Tests to determine whether your coin or token to be issued is a virtual financial asset, a virtual token, electronic money or financial instrument. Importantly, we oversee your business plan, together with the constant bureaucratic necessities & correspondence with the respective authorities (such as the MFSA). Please find our legal report below:

Key Contact

Dr. Justine Scerri Herrera

Founder & Managing Partner

More about MK Fintech Partners Ltd.

Michael Kyprianou Fintech Partners Ltd is a Maltese licensed VFA Agent (virtual financial assets agent). It comprises a team of dedicated experts who provide services such as advisory, licensing and registrations of activities related to Fintech, Crypto, Blockchain, Investment, company incorporations and banking. and other ancillary services. MK Fintech Partners forms part of the Michael Kyprianou Group, a top tier international legal and advisory firm. It has established an enviable reputation as a broad-based legal practice over the years. Mainly by keeping at heart its principle to always exceed its clients’ expectations. MK has grown to become one of the largest law firms in Cyprus with offices in Nicosia, Limassol and Paphos. The MK Group’s international presence also includes fully-fledged offices in Greece (Athens and Thessaloniki), Malta (Birkirkara), Ukraine (Kiev), the United Arab Emirates (Dubai), United Kingdom (London), Israel (Tel Aviv), and Germany (Frankfurt).

The content of this article is valid as at the date of its first publication. It intendeds to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on a specific matter before acting on any information provided. For further information, contact us at MK Fintech Partners via email at or by telephone +356 2016 1010.

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