Malta Has Been Gaining A Lot Of Attention, With The Biggest Crypto Exchange Binance Moving To The European Island And Then Another Major Exchange Okex Announcing Its Plan To Start Its Operations In The Country.
Malta cryptocurrency funds may invest either directly or indirectly through a trading company/special purpose vehicle in cryptocurrencies. The application also has to be endorsed by the vfa agent. A couple of words about growing crypto and blockchain businesses operating in malta:
How To Apply For Malta Cryptocurrency License?
As of 2016, the portuguese tax authority (pta) exempts crypto transactions from capital gains and income ta x. Malta is making leaps in dlt and virtual currency regulations, just as it did with igaming companies a decade ago. Maltese falcoin crypto report sees jpmorgan taking pessimistic stance on bitcoin.
Tetra Consultants Will Provide You With A Registered Agent To Ensure That You Continue To Comply With The Registration Requirements As Per Imposed By Malta.
That's relatively high when compared to cheap countries like china and india, with electricity costs around $0.08 per kwh. The maximum size of a pif established as a crypto fund is of €100m or equivalent in another currency. Backed with years of experience in company incorporation , tax advisory and regulatory and compliance, our team can give complete solutions to anyone wishing to set up a fintech operation in malta.
There Are Already A Few Cryptocurrency Companies In Malta Such As Okex, Tron And Bigone.
Currently, there are 20 entities registered under malta’s virtual financial assets (vfa) act and many more companies are applying for local licenses by the msfa. Joseph young · 3 years ago ·. Malta has clearly emerged as a haven for many crypto and blockchain enthusiasts.
Portugal Is One Of The Most Attractive Crypto Friendly Countries In The World.
The largest cryptocurrency exchange by daily traded value, binance moved out of hong kong to malta in early 2018. The first step for opening a cryptocurrency company in malta is to select a business form under which it will operate. Mining bitcoin in malta isn't the best idea if you want to turn a profit, as their average electricity cost is around $0.15 per kwh.