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Malta is quickly becoming one of the top destinations for crypto companies. As the first country to establish clear regulations for cryptocurrencies, Malta is known for its crypto-friendly environment and leadership in crypto regulation. With its progressive approach, Malta has become a prime choice for entrepreneurs seeking to launch their crypto ventures, including finding a reliable Cryptocurrency Exchange Development Company in Malta.
Cryptocurrency Regulations and Legislation in Malta
Malta has taken significant steps to create a clear and supportive legal framework for cryptocurrency businesses. To manage the emerging digital economy, the Maltese Parliament introduced three key laws:
1.Virtual Financial Assets Act (VFAA)
The VFAA, which came into effect on November 1st, is a key law regulating crypto activities in Malta. It defines Virtual Financial Assets (VFA) as digital assets used for trading and storing value, similar to digital money. This law sets out the regulations for businesses in the crypto space, including:
Crypto exchanges
Digital wallet providers
Blockchain protocol developers
The VFAA aims to make crypto investments safer and more trustworthy, fostering industry growth while protecting users.
2.Malta Digital Innovation Authority (MDIA)
The MDIA is the government body responsible for overseeing the crypto and blockchain sectors in Malta. It:
Grants licenses to companies and startups
Tracks changes in crypto regulations
Ensures that digital innovation services adhere to legal standards
The MDIA ensures the crypto space remains up-to-date and compliant with legal requirements.
3.Innovative Technology Arrangements and Services (ITAS)
ITAS focuses on the registration and supervision of blockchain-based service providers, especially crypto exchanges. It works similarly to the Distributed Ledger Technology (DLT) system. This law supports the technical aspects of crypto projects, including:
Smart contracts
Blockchain systems
Digital infrastructure
ITAS forms the technical backbone of Malta’s crypto regulation, offering a solid legal foundation for innovation.
Popular Crypto Exchanges in Malta
Binance
Binance, one of the largest crypto exchanges in the world, operates in Malta due to the country’s robust regulatory framework.
OKEx
OKEx, another major exchange, has set up operations in Malta, offering various trading options like spot and futures trading.
eToro
eToro is a well-known social trading platform that allows users in Malta to trade cryptocurrencies alongside other assets.
Paxful
Paxful, a popular peer-to-peer exchange in Malta, enables users to buy and sell Bitcoin directly with each other.
Decentralized Ventures
A Malta-based platform providing advice and services for blockchain companies, including support for launching ICOs and security token sales.
Bitcoin.com Exchange
This exchange operates in Malta and offers a variety of cryptocurrencies, including Bitcoin and altcoins, for trading.
Kraken
Kraken, a global crypto exchange, has also expanded its services to Malta, providing a secure platform for buying, selling, and trading crypto assets.
Business Benefits of Cryptocurrency in Malta
Starting a cryptocurrency exchange in Malta offers the benefit of clear and straightforward regulations. The government provides support and licensing to help crypto companies thrive. Malta is globally recognized as a crypto-friendly jurisdiction, making it easier to attract investors and customers. Additionally, the country is home to a skilled workforce of tech professionals to help build and scale your exchange. Being part of the EU also offers access to European markets, making Malta a strategically advantageous location for crypto businesses. Malta’s encouragement of innovation makes it an ideal environment for new and creative crypto ideas.
Types of Cryptocurrency Exchange Development Company In Malta We Offer
Centralized Cryptocurrency Exchange (CEX)
Decentralized Cryptocurrency Exchange (DEX)
Peer-to-Peer Cryptocurrency Exchange (P2P)
White-label Cryptocurrency Exchange
Hybrid Cryptocurrency Exchange
OTC (Over-the-Counter) Cryptocurrency Exchange
Token Exchange Platform
Bitcoin ATMs in Malta – Simple Info
Bitcoin ATMs can be found in popular cities like Sliema and St. Julian’s. The first Bitcoin ATM in Malta was set up in 2017 on Blanche Huber Street in Sliema. It allows users to buy Bitcoin and check their wallet balance using QR codes displayed on their smartphones.
Malta’s crypto-friendly environment, with clear and supportive government regulations, makes it an attractive location for crypto businesses. This is why many startups and entrepreneurs are eager to establish their crypto businesses in Malta.
Opris is a leading cryptocurrency development company based in both India and Malta. We assist businesses in creating their own cryptocurrencies and provide full support for crypto and blockchain development tailored to your business needs.
Want to create your own cryptocurrency in Malta?
WhatsApp : +91 9994248706
Email : sales@opris.exchange
Telegram : https://telegram.me/Opris_sales
