MiCA, which takes effect in 2024, represents the world’s first comprehensive crypto regulation in a major jurisdiction, allowing service providers to operate across the bloc with a single license. As an EU member, Malta wants to align its crypto rules with MiCA and “ensure a smooth transition for Virtual Financial Assets (‘VFA’) Service Providers” in the country, the regulator said in its consultation.
Source: https://www.coindesk.com/policy/2023/09/18/malta-seeks-to-change-its-crypto-rulebook-to-get-ready-for-mica/?utm_medium=referral&utm_source=rss&utm_campaign=headlines