The FCA, the U.K. financial regulator, is planning to outlaw cryptocurrency-based derivatives in a bid to protect investors from financial harm and this will be an outright ban on the “sale, marketing and distribution to all retail consumers of derivatives such as CFDs, options and futures, as well as exchange-traded […]

As Russia’s cryptocurrency bill slowly inches forward, a government official has hinted at what may lie ahead when the legislation is finally passed. Although fears exist that cryptocurrency use banned outright, this is highly unlikely. Much more likely is that, as stated by Deputy Finance Minister Alexei Moiseyev recently, Russia […]

The Government of Gibraltar (GoG) has taken the bold move of being the first authority to publish proposals for specifically regulating certain activity in this new area of crowd financing and has also enacted VA (ICO) laws. This follows the Luxembourg regulator (CSSF) issuing a warning against investments in the […]

FATF President Marshall Billingslea of the United States, chaired the third and last Plenary meeting under the U.S. Presidency in Orlando on 19-21 June 2019. During this Plenary, delegates celebrated the 30th Anniversary of the FATF. Mitigating virtual asset money laundering & terrorist financing risk.FATF committed in relation to governments, […]

A regulatory sandbox allows businesses to test innovative propositions in the market, with real consumers, using the protection of the financial services regulator. Sandboxes are open to authorised firms, unauthorised firms that require authorisation and technology businesses. The sandbox seeks to provide firms with: the ability to test products and services in […]

At Lexist, we have been developing the expertise to advise clients on fintech matters surrounding blockchain technology, initial coin offerings and cryptocurrencies for over three years. Our firm can offer cutting edge advice without some of the drawbacks of having to deal with a large international firm. We can draw on […]

Following the publication of the MFSA Consultation Noes on Cybersecurity , the MFSA has finalised its Guidance Note on Cybersecurity as a minimum set of best practices and risk management procedures to be followed in order to effectively mitigate cyber risks. This will also provide support for proactive ongoing monitoring as […]

Malta has issued VFA Guidance via a booklet of frequently asked questions (but not, regrettably, frequently asked questions by lawyers). https://www.mfsa.com.mt/wp-content/uploads/2019/01/20190125_VFARFAQs_v1.01.pdf