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A statement from Maltese regulators requires site OriginalCrypto to stop serving the Italian and Maltese markets. Malta has warned citizens about an unlicensed cryptocurrency exchange serving its domestic market. Regulators ordered the platform to stop operating in a notice Dec. 5. The offending platform, OriginalCrypto, had first come to the attention of Italian officials concerned it may not have the required license to offer authorized “investment services and activities.” The platform’s owner, SolutionsCM Ltd., has now come under scrutiny from both countries, with Malta’s Financial Services Authority (MFSA) sharing the warning from Italy: “The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the following companies to cease infringement of art. 18 of the Italian Legislative Decree No. 58/1998, consisting of the provision of unauthorised investment services and activities to the Italian public performed by SolutionsCM Ltd. via the www.originalcrypto.com website...
Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Cryptocurrency futures trading is becoming a big deal in investment circles. After the launch of the first Bitcoin futures program, exchange projects are now looking to attract new customers in the space with fresh innovative platforms with lower fees. Digitex Futures Ltd Digitex Futures Ltd is one of these platforms looking to capture the coin futures market. The exchange is looking to give a live demo at the Malta Blockchain Conference from November 1st – 2nd 2018 for the very first time. The event is set to be a valuable venue for getting the necessary traction for the project. The exchange has also announced a new partnership with Ethereum’s core Plasma development team, Matter Inc. The exchange aims to become a zero-fee futures exchange with non-custodial account balances. According to Adam T..
Malta has launched a government task force to develop a national artificial intelligence strategy. The Maltese government has announced the formation of a taskforce to develop a national artificial intelligence (AI) strategy, Cointelegraph reports Tuesday, Nov. 1 from the Malta Blockchain Summit. The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri announced the launch of the governmental initiative “Malta.ai,” stating that Malta is aiming to become a top AI nation. He said that the country would develop a friendly regulatory environment for AI much in the same way as it has done for blockchain technology: “After successfully positioning Malta as the ‘Blockchain Island,’ by being the first in the world to regulate DLT (distributed ledger technology) products and services, we now would like to position Malta amongst the top 10 countries in the world with an artificial intelligence policy.” The government has already launched a website for its nati..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Malta — November 1, 2018: Digital exchange platform CryptoZink has been invited to the industry-defining Malta Blockchain Summit, which will take place November 1-2, 2018. The Summit is being hosted in Malta, which is now known as Blockchain Island for the way it embraces attitudes towards the new technology and forward-looking regulatory framework. The Summit provides a breeding ground of innovation, bringing together global influencers to meet, collaborate and inspire one another to continue to evolve the space. CryptoZink’s project was selected as one of 40 promising startups to pitch their ICO at the c..
U.S. crypto exchange Bittrex launches international trading platform on the base of Maltese branch, which will reportedly increase the speed of listing. Bittrex International is launching a digital trading platform that will feature a “streamlined” token approval process and focus on international customers, the company’s blog revealed Monday, Oct. 29. As per the release, new tokens will be approved and listed on the platform “within weeks instead of months.” The new platform will operate within the regulatory framework established by the E.U. and Maltese Government, using Malta’s Virtual Financial Assets Act (VFA) in particular. In 12 months the company is planning to apply to the Malta Financial Services Authority to become a regulated virtual financial asset exchange. Previously branded Bittrex Malta, the exchange stated that trading will be available for customers from all countries except for the U.S., stating “[c]urrent and new U.S.-based customers will continue to use Bittrex.c..
Malta’s Financial Services Authority has warned of a “dubious” online crypto trading platform it says has falsely claimed to be licensed in the country. Malta’s Financial Services Authority (MFSA) has warned of a “dubious” online crypto trading platform it says has falsely claimed to be licensed in the country, English-language newspaper Malta Today reports Oct. 25. The platform in question, “Primetradingbot,” reportedly appears to be running a “high yield” Bitcoin (BTC)-related investment scheme, which the MSFA cautions has “a dubious nature with a high risk of loss of money”. The MSFA has warned that Primetradingbot is not, as it claims, licensed by the watchdog, stating that “although this entity purports to operate from an address in Malta, the MFSA does not believe this to be the case,” adding: “The MFSA wishes to alert the public, in Malta and abroad, that Primetradingbot is not licenced or otherwise authorised by the MFSA to provide any investment or other financial services wh..
Almost two-thirds of those who took Malta’s cryptocurrency agent certification have failed, despite examiners’ last-minute changes to ease the marking scheme. Almost two-thirds of those taking Malta’s cryptocurrency agent certification have failed, despite examiners’ last-minute changes to ease the marking scheme, English-language daily Times of Malta reports Oct. 18. Since the Virtual Financial Assets Act (VFA) came into effect last November, the exam, as well as a training course, has been mandatory for all those looking to work as “agents” in the crypto sector. “Agents” here refers to practitioners such as lawyers, accountants, and auditors who may want to liaise between Initial Coin Offering (ICO) operators, or other cryptocurrency vendors, and the island’s watchdog, the Malta Financial Services Authority (MFSA). According to the Times of Malta, around 250 people took the exam, which entailed a series of multiple choice questions and was initially graded with “a negative marking s..
At the request of the Foreign Minister of Vanuatu, Maltese regulators will offer their expertise to the Pacific island nation in forming their own blockchain regulatory framework. The state authorities of Malta will assist the government of the Pacific island nation of Vanuatu in forming blockchain regulations, the Vanuatu Daily Post reported Monday, Oct. 8. Minister of Foreign Affairs of Vanuatu Ralph Regenvanu has reportedly requested assistance from the Maltese government in forming blockchain legislation upon instructions from the Council of Ministers. Speaking at a meeting with Maltese Prime Minister Dr. Joseph Muscat, and Parliamentary Secretary Silvio Schembri, Regenvanu noted the crucial role of adopting appropriate regulatory frameworks for the blockchain industry and Initial Coin Offerings (ICOs). In mid-September, the Reserve Bank of Vanuatu (RBV) issued a public warning on crypto, stating that digital currencies are “not recognized as legal tender in Vanuatu and are not is..
Intermediaries profiting from the fiat banking system “face the chop in the not too distant future,” Malta’s finance minister Edward Scicluna has told Cointelegraph. Financial intermediaries will be “facing the chop” thanks to Bitcoin and cryptocurrency, Malta’s finance minister told Cointelegraph in an interview Friday, October 5. Speaking in a private interview during the Malta Blockchain Conference: Delta Summit 2018, Edward Scicluna said that the advent of cryptocurrency that is usable by the mass populace was making the middlemen of finance go the way of traditional photo developers. “This is a disruptive technology,” he said when asked whether he sees crypto as a future payment method, continuing: “I can see this, just like in photography when you could tell that […] those who process the photos [are] going to lose their jobs, a lot of financial intermediaries will be facing the chop in the not too distant future.” Scicluna revealed that although he no longer held cryptocurrency..
Malta’s Prime Minister has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent society. The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27. Muscat made a spirited case for the transformative, political impact of bleeding-edge technologies, saying that those who “pair the new digital economy with a new state – a digital state,” will be best poised “to create a future-proof society”: “Blockchain makes cryptocurrencies the inevitable future of money, more transparent since it helps filter good businesses from bad businesses. But these distributed ledger technologies can do much more.” The Prime Minister argued that distributed ledger technol..
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