Key Insights on the MFSA’s Circular to the Industry on the Authorisation Process for MiCA Applicants

The Malta Financial Services Authority (“MFSA”) has issued an important circular to provide extensive guidance on the licensing and authorisation process for crypto-asset service providers (“CASPs”) under Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets and the Markets in Crypto-Assets Act, 2024 (“MiCA Act”) along with the additional legal notices which were published.