Malta Might Be ‘Blockchain Island’ But Don’t Try Opening a Crypto Bank Account

Malta has been hyped up as the happy ending for crypto business who have trouble operating elsewhere, but there’s a problem: banks are reluctant to grant crypto startups business accounts until they’re properly licensed with the MFSA. This process can take up to six months for a first-round response, leaving many businesses unable to operate … Read more

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

In this edition of The Daily, Bitmex has updated its Terms of Service. The revised rules prohibit residents of certain countries, including the U.S., from trading digital assets on the platform. Also, the native token of the leading crypto exchange Binance, BNB, has hit a record price against BTC. And in Malta, companies from the … Read more

In the Daily: Regulatory Developments in Italy, Mauritius, Malta

In this edition of The Daily we cover recent regulatory developments regarding the use of cryptocurrencies and their associated industries from all over the world. Lawmakers in Italy have approved a definitions mandate, Mauritius has created a crypto custody license, and Malta is set to provide cybersecurity guidance to crypto funds, exchanges and ICOs registered … Read more