Europe’s landmark data privacy law, GDPR, came into effect last May. What counts as personal data under the GDPR? The General Data Protection Regulation, better known as ‘GDPR’ has at its heart, the notion of ‘Personal Data’, defined in article 4 as any information which can lead to the identification of a natural person….
Read MoreLegal Notice 384 of 2018, Individual Investor Programme of the Republic of Malta (Amendment) Regulations, 2018, and Legal Notice 385 of 2018, Malta Individual Investor Programme Agency (Establishment) (Amendment) Order, 2018 were published on the 16th November 2018 in the Government Gazette, with the aim of setting up a new and separate agency which will be responsible for the Malta…
Read MoreIf you keep tabs on the fintech, then you are already well familiar with the hype machine known as blockchain. But, there are still plenty of people who have either never heard of the blockchain or misunderstand the technology and it’s potential. What’s the big deal, then? Even if you’re not interested or involved with…
Read MoreIdentity Malta Agency launched the Key Employee Initiative (KEI) providing a fast-tracked service to highly-specialized Third-Country Nationals who are employed in Malta. The scheme will facilitate the issuing of work/residence permits to prospective key employees within five working days from the date of submission of the applications. Who is eligible to apply? The KEI…
Read MoreHow Blockchain Can Protect Your Startup Business? Working in the cryptocurrency industry in 2018 is like being the most interesting person at a party: Everyone is curious about you, everyone wants to learn more about what you do and everyone has questions. There is something enigmatic about crypto companies. The market overall is on track to exceed…
Read MoreGuidelines concerning the taxation of DLT Assets under the Income Tax Act, the VAT Act and the Duty and Documents and Transfers Act were published by the Commissioner for Revenue. Download the respective files through the links below; Guidelines on Income Tax Treatment in Relation to Distributed Ledger Technology (DLT) Guidelines for the purpose of…
Read MoreMalta has fast become a global leader in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies. Bringing professionals who understand and embrace decentralised technology together with the island’s best legal minds. As expected and by virtue of Legal Notice 306 of 2018 and Legal Notice 307…
Read MoreThe Malta Financial Services Authority has published a document outlining frequently asked questions in relation to the Virtual Financial Assets Framework. It provides key information on the framework itself, classification of DLT assets, VFA agents, Initial Virtual Financial Asset Offerings, VFA service providers, AML/CFT requirements and transitory provisions. It was compiled as a result of…
Read MoreMalta expects to register a fiscal surplus for the fourth successive year in 2019 and forecasts its economy to grow by 5.3 percent in real terms, Finance Minister Edward Scicluna said on Monday when he presented the Mediterranean island’s 2019 budget. The 2019 Malta Budget as always kicks off with emphasising Malta’s economic success over the…
Read MoreThe whirling hype of blockchain and the race to benefit from its instant click efficiency and spiralling profitability continues to generate truckloads of excitement. It is rocking captains of industry and the maritime sector is on the frontline of all the buzz. But what really lies behind the seductive spin? As a decentralised ledger database…
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