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An application for a license to operate the cryptocurrency exchange

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An application for a license to operate the cryptocurrency exchange submitted to the Malta Financial Services Authority


For the last 10 months, our Law Firm, in cooperation with specialists from many fields and nationalities, has been adapting our client's activities to the requirements of the Maltese financial supervisory authority imposed the cryptocurrencies exchanges.
During this period we have helped to create structures and procedures for the company's operation, analysed and secured risks, identified areas necessary to adapt to existing and emerging requirements.
We participated in trainings organized by Maltese financial institutions, we met with representatives of MFSA (Maltese equivalent of KNF), we conducted interviews and correspondence exchange with authorities, we recruited specialists for the client, we conducted interviews with banks and payment institutions - in 2019 alone we visited Malta 4 times for this purpose.
All this in order to prepare the client to obtain a license allowing the MFSA supervising cryptocurrency exchange activity with the possibility of a Maltese state protected storage of user deposits. (Class 4 VFA Service licence)