Fineqia Sets Up its Blockchain & Cryptocurrency Investment Subsidary in Malta
Malta ticks a lot of boxes as a pioneering crypto-friendly regime. Choosing a jurisdiction where the legal and regulatory framework is in sync with emerging technologies and new financial instruments is as important as selecting sound investment opportunities in the first place.
Malta, a European island country was chosen only because of its advanced regulatory framework that qualifies and regulates blockchain and cryptocurrency companies. Malta also has its benefits from the membership in the European Union (EU), whereby EU financial directives facilitate regulated business activities across its 28 member states. Malta Digital Innovation Authority Act (MDIA Act) established the Malta Digital Innovation Authority, which aims at the government arrangements and certifies Distributed Ledged Technology (DLT) platforms for credibility and legal certainty to users. It addresses the setting up of exchanges and other cryptocurrency related business such as identity verification services and electronic wallet providers.
Headquartered in London, Fineqia outlines the company’s corporate governance, culture, processes and relations by which the company and its subsidiaries are controlled, directed and governed. It also oversees and ensures the overall success, planning and growth of the company and all of its subsidiaries and investments, including those propagating blockchain technologies.