Over the past twelve months we have seen increased interest
in e-money operators looking to domicile and operate their businesses in Malta.
In response to this growth we have published E-money
institutions: licensing and regulation in Malta on our website www.ccmalta.com. This publication provides
what we hope will be a useful introduction to the topic, and covers the
following:
- The
definition of e-money under Maltese law
- The
distinction between server based and card based e-money
- Distinctions
between payment service providers and e-money issuers
- The
activities that EMIs authorised in Malta are permitted to undertake
- Key
regulatory requirements
- The
licensing process
- Why
e-money institutions have started to choose Malta as their domicile in
Europe
The payments ecosystem as a whole has also registered
encouraging growth. You can read about the growth in the related sector of
payment services by clicking on the below link:
Malta also continues to attract interest from operators in
the virtual currency sphere (non-fiat money such as Bitcoin and Linden dollar).
Local authorities remain understandably cautious about the sector, but we
believe that it is only a matter of time until these new technologies and
systems achieve more widespread acceptance and legitimacy. You can read more
about the topic here:
If you are interested in any of these sectors, contact us on
info@ccmalta.com
Dr Charles Cassar
Chetcuti Cauchi Advocates
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