According to local news agency The Times of Malta Malta Financial Services Authority (MFSA), In order to monitor the activities of the crypto-money enterprises in Malta, the blockchain security firm agreed with CipherTrace.
CipherTrace will now be responsible for overseeing the processes and risk management of licensed crypto-money businesses in Malta, announced as CipherTrace CEO Joseph Cuschier.
Leri Blockchain security company based in the United States cryptocurrency MFSA will help in combating money laundering and terrorism finance related to businesses and organizations. eri
MFSA, ICO operators and crypto money exchanges is considering coordinating interactions with virtual financial agents (VFA agents) such as with crypto. VFA agents, which provide a bridge between the crypto-money enterprises and the island's financial regulator, can represent the lawyers, accountants and auditors identified for the case studies of the crypto enterprises.
Başarısız About two-thirds of the VFA agents reported that they failed to receive crypto agent certificates, although the test was facilitated by reviewing the evaluation scheme. “
Along with the Malta blockchain and crypto money regulations, the MFSA is expected to approve VFA representatives by the end of March 2019. Once approved, VFA agents crypto exchanges, wallets and ICONwill be able to offer applications.
Made In Malta Blockchain And Crypto Money Arrangements
The International Monetary Fund (IMF) stated that MFSA has critical gaps under anti-money laundering (AML) supervision and is struggling with the financing of terrorism (CFT) regulations. The authority has called for urgent action to protect the financial sector and the wider economy from the risks of money laundering and terrorism financing.
In early March, the Maltese Times in Malta blockchain The firms reported that they are still facing problems with the opening of bank accounts. CipherTrace CEO Dave Jevans, Information about applications said that banks often refused to deal with crypto and blockchain.
Source: Cointelegraph