Attention: Malta a 14 VFA-agents

the Malta, a total of 14 Virtual-Financial-Asset-agents. The island has a total of 14 new employees, which are specifically designed to take care of the Blockchain and crypto issues in the Bitcoin Ecosystem. To relieve especially of the local authorities.

By Phillip Horch
4. April 2019BTC$4.966,25 -0.36% part Facebook Twitter LinkedIn xing mail

Malta is a popular starting point for companies in the Bitcoin Ecosystem, there is likely to have in the meantime spoken around. The island, due to their crypto is called-friendly regulation as a Blockchain Island. To be the inlet on the small island, the government of new employees. So she decided last year to bring the so-called VFA-agents. In order for this to relieve the concerns of the island, has given the government 14 licenses.

VFA-agents advise companies

As a statement of authority from the 2. April can refer to, to help the 14 VFA-agent business to gain a foothold in Malta feet. Accordingly, you should support for new applicants, applications are fill out correctly. In addition, they should ensure that new applicants receive the necessary approvals.

As stated in the related communication from the Maltese financial authority:

to preserve The VFA-agents will primarily serve that market integrity and the public interest. The Business must evaluate the plans of your customers and [...] to evaluate it.

Ultimately, the Maltese financial market Supervisory authority with the setting and the convening of the 14 VFA is relieved agents.

Because the local authorities have to do in Malta already all hands full. As we reported, experienced the island in a significant Boom in the economy, which brought the Bitcoin Ecosystem and its offshoots. According to forecasts of the European Commission, Malta should be in the year 2019, even the fastest growing economy in Europe, with a projected growth of 5.2 percent. For comparison: For Germany, the Commission predicted "just" 1.1 percent.

The current Run on crypto-currencies, which are not reflected in a sharp rise in the Bitcoin price, the chances are good that the predictions occur. Since the 14 VFA-agents are likely to have their hands full.

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