Built on Relationships, Developed on Trust
Crypto Licenses
We can help your business with everything crypto related! From Applying for your Crypto License in Malta, to structuring, to Token Legal Opinions, vetting your white paper and more! See our Crypto services below!
| License Type | MFSA Application Fee | Type of Activities | Type of Service Provider | Initial Share Capital Requirement |
|---|---|---|---|---|
| License Class 1 Introducer | Investment Advisor | EUR 6,000 | Reception and transmission of orders, Provision of investment advice in relation to virtual financial assets, Holding or controlling clients’ assets or money is prohibited | Cryptocurrencies Broker, Investment Adviser | €50,000 or €25,000 with professional indemnity insurance |
| License Class 2 Broker | Custodian | EUR 10,000 | Any Virtual Financial Asset (VFA) related activity, EXCEPT: Operating a VFA exchange, Dealing on own account. However, License holders may hold or control clients' money and assets. | Custodian/Wallet Provider, Cyrptocurrency Fund Manager, Cryptocurrencies Broker, Investments Adviser. | €125000 |
| License Class 3 Dealing on own Account | Market Maker | EUR 14,000 | Any VFA-related activity, EXCEPT operating a VFA Exchange. | Market Maker / Liquidity Provider, Cryptocurrency Fund Manager, Cryptocurrencies Broker, Investment Adviser. | €730,000 (Soon to be revised to 150,000 euro, post MICA) |
| License Class 4 Crypto Exchange License | EUR 24,000 | Any VFA-related Activity, INCLUDING operating a VFA Exchange. In addition, license holders may hold or control clients' money or assets. | Market Maker / Liquidity Provider, Cryptocurrency Fund Manager, Cryptocurrencies Broker, Investment Adviser, Exchange. | €730,000 (Soon to be revised to 150,000 euro, post MICA) |
How We Can Help You
applying our legal expertise to your ambitions
Our experienced team will undertake a review of your proposed activity and advise you of the appropriate class of license you are required to obtain.
We will also assist you with:
- Incorporating a Maltese company
- Draft a statement of intent and legal opinion
- Business Plan guidance
- Preparation and submission of all license application documents
- Vetting required policies and procedures (such as AML, Risk, BCC, Information Security)
- Liaising with the MFSA and accompanying you to all preliminary meetings
- Filing all fit and proper tests for all key persons for the MFSA’s approval
- Drafting MFSA response letters as may be required
- Referrals to competent persons in our network to fill any needed roles (MLRO, compliance officer, systems auditor, etc.)
- Any other legal support required throughout the license application process
