New MFSA Circular Unveils the MiCA Rulebook and the Regulatory Updates introduced under FIR/03
The Malta Financial Services Authority (“MFSA”) has taken a significant step in the local implementation of the EU’s Markets in Crypto-Assets Regulation (“MiCA”), with the issuance of the new Markets in Crypto-Assets Regulation (“MiCA”). The latter legislative instrument applies to entities governed by the Markets in Crypto-Assets Act (Chapter 647 of the Laws of Malta) (“MiCA Act”), and has been published alongside updates to Chapter 3 of the Financial Institutions Rulebook (“FIR/03”), which regulates Payment Institutions and Electronic Money Institutions.
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