Cryptocurrency exchange license in Malta
Malta was one of the most favorable places for obtaining a cryptocurrency exchange license. The country had been constantly improving its legal framework and introducing new incentives for the company. Even though the regulations became stronger, the biggest exchangers still want to open their offices there.
Requirements
- Create a legal entity (Private Limited Liability Company) ;
- Rent a facility and hire of at least 3 employees – a director can be a nominal representative;
- Prepare documentation for the initial submission to the MFSA – a description of the financial instruments testing, security systems and protocols, participation in the countering against money laundering, and so on;
- Obtain, if the outcome is favorable, a permit from the authorization department and assign a VFA operator (it can be the company itself).
