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How to apply for a Malta digital currency license?

Malta MFSA license application process

1. Importance of compliance

The irregular development of the cryptocurrency industry or the foreign exchange industry seriously hinders the entire industry, especially In a bear market, without compliance, there will be no trust, and there will be no entry of big funds. Any emerging thing will go from the barbaric growth stage to the compliance stage. It has already passed the barbaric growth stage. At the same time, it is impossible for cryptocurrencies to disappear. Therefore, only by being solid in the field of compliance can we win the market and survive the cold bear market. , will break out in the next round of bull market.

2. The particularity of Malta

As a developed country in the EU, Malta is the first "high-rated" country in the world to promulgate a comprehensive cryptocurrency regulatory system, thanks to its regulation of iGaming With support and regulatory experience, it is believed that Malta will quickly become a hot spot for the crypto economy and become a new crypto economic center.

3. The value of the license itself

No matter in any country, licenses are often relatively easy to obtain when they are first launched, and the fees are low (such as my country’s private equity fund management license) , but the further you go, the more difficult it becomes. Therefore First Move Advantage is very important.

Applicants will need to have the necessary presence (in terms of physical personnel) and board membership/senior management to be “fit and proper”. To this end, we can provide "fit and proper" personnel acceptable to the MFSA, as well as staffed office space.

Our services include:

·Local Anti-Money Laundering Reporting Officer as required by law;

·Local Compliance Officer as required by law;

·Two Resident Director responsible for MLRO/Compliance Officer and Local Director positions;

·Company Secretarial Services;

·Attendance at Board Meetings and Annual General Meetings;

·Keep minutes of the above meetings;