Parliament of Malta to pass 3 Crypto Bills in 2d Reading

Today the Maltese Parliament is to be passing the three cryptocurrency and blockchain bills through their second reading
26 June 2018   496

This event was declared by Parliamentary Secretary for Digital Innovation Silvio Schembri in his opening speech at the Malta Institute of Management Cryptocurrency Considerations for Management Conference. These laws are to enable Malta to be a crypto space of choice for investors and business owners who are interested in a favourable jurisdiction to establish their cryptocurrency or blockchain firm.

The Virtual Financial Assets Act (VFA)

This VFA is set up to controll initial coin offerings (ICO). The bill affirms that projects engaging funding through ICO have to issue White Papers. The order also demands that the issuer’s financial history must be made public.

The Malta Digital Innovation Authority Act (MDIA)

The MDIA claims that an industry-specific governing structure will be instituted. This authority will be accountable to support the development and adoption of the guiding principles described in this Act and to promote consistent principles for the development of visions, skills, and other qualities towarding technology innovation. 

The Innovative Technology Arrangements and Services Act

This order is about the regulation of designated innovative technology arrangements. It will be the mechanism by which blockchain-built enterprises are estimated as such under the law, and as such will be the basis for the previous two bills to operate.

The implemention of these new bills provides an investor a transparent picture of the legal framework demanded to start a legitimate cryptocurrency business in Malta. 

Top-3 Upcoming ICO 18th - 24th Nov. Acc. to Our Readers

Continue reading to get info on the latest ICO poll results
19 November 2018   9

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. Brain Space 

“The creation of an infrastructure that will become a strong foundation for the intellectual property market in the world, as well as reduce the process of identifying and developing the potential of authors to the level of access to the international arena at times”: the Brain Space team works to solve this task, because without the accessible, convenient and understandable procedures for registration and recording of the results of intellectual activity, and without the necessary and understandable tool it is difficult to imagine the achievement of the goal indicated in the strategies of a multitude of institutions scientifically technological development of the cultural sphere.

Brain Space ICO
Brain Space ICO

There's no info on Brain Space funds except pic above.

2. Cryptobuyer

Cryptobuyer started back in December of 2015 helping people in countries with high levels of hyperinflation and devaluation such as Venezuela and Argentina, where we had an unprecedented success with more than 40,000 registered users in a very short time and in an organic manner. Rapidly we continue to grow and start our operation with Crypto ATMs, becoming the definitive way to connect the FIAT world with the digital one, breaking down the educational barriers on this technology thanks to its ease of use. In 2018 we incorporated a practical point-of-sale solution that is already in use in more than 50 stores and that allows any merchants to easily accept crypto-currencies as a form of payment without having to worry about understanding the technology, breaking down another barrier for adoption. This set of solutions built from scratch by a solid foundational team with extensive experience in the area have made Cryptobuyer a 100% operational ecosystem, with real customers and merchants.


Cryptobuyer ICO

There's no info about ICO process except the pic above.

3. FinanceX

The FinanceX exchange platform enables users to trade using the local currency from a range of countries. This makes trading faster and easier as users can buy/sell cryptocurrencies directly instead of a slower and more difficult method using an intermediate, such as BTC or ETH. It also means that users can trade from many different countries with no added difficulty, setting us apart from other exchanges.


FinanceX ICO

175,000,000 FNX sold during tokensale. Great result!

Hope you’ve liked the results. Stay tuned!