{"id":19535,"date":"2019-11-03T22:30:44","date_gmt":"2019-11-03T21:30:44","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=19535"},"modified":"2019-11-03T22:30:44","modified_gmt":"2019-11-03T21:30:44","slug":"the-malta-financial-services-authority-receives-letter-of-intent-from-21-cryptocurrency-exchanges-to-get-vfa-service-license","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/the-malta-financial-services-authority-receives-letter-of-intent-from-21-cryptocurrency-exchanges-to-get-vfa-service-license\/","title":{"rendered":"The Malta Financial Services Authority Receives Letter of Intent From 21 Cryptocurrency Exchanges to Get VFA service License"},"content":{"rendered":"
According to a publication<\/a><\/strong> of Malta Financial Services Authority (MFSA<\/a><\/strong>) on November 1, the authority has receives letter of intent from 34 prospective VFA Service Providers, 21 of which are cryptocurrency exchanges, to obtain authorization under the VFA Act.<\/p>\n According to Malta Financial Services Authority (MFSA), these services provides were working under the transitory provisions set out in Article 62 of the Virtual Financial Assets Act. As this transitionary period has ended on October 31, 2019, VFA services providers who wants to continue their operations, in or from the country, are required to reapply for authorization with MFSA.<\/p>\n The Authority, about the authorization process, said:<\/p>\n The Letters are the first step of the authorization process for such applicants to obtain a VFA Services License. The Authority shall shortly be contacting the applicants in order to set up a preliminary meeting. Once this meeting is held, applicants will have 60 days to submit a full application pack to the MFSA.<\/span><\/strong><\/p>\n<\/blockquote>\n<\/blockquote>\n According to the MFSA, the authority has received 30 applications for registration of VFA Agents, with 18 of them having been registered. The list<\/a><\/strong> of the registered agents is available on the MFSA website.<\/p>\n\n
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