MFSA issues Chapter 3 of Virtual Financial Assets Rulebook

On the 25th of February, the Malta Financial Services Authority published Chapter 3 of the Virtual Financial Assets Rulebook for VFA Service Providers, following the consultation paper that was issued in August 2018.
The document covers the following:

The high level principles which are meant to serve as guidelines to VFA Service Providers in their provision of services in or from within Malta;
The VFA Service Providers’ licensing requirements and licensing process;
The obligations that VFA Service Providers must be in adherence with; and
The enforcement and sanctions imposed in case of misconduct.