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What needs to be included in your offshore business plan

...t are the main tasks of specialists while making an offshore business plan? 1. First of all, we need to choose the location of the business. If the company is already incorporated, there is a need to move it in the best possible way. Transferring financial assets, opening bank account and registering intellectual property – and this is only a small part of tasks that needs to be accomplished....

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Governmental digitalization in Malta

...olicies. In the meantime, the Innovative Technology Arrangements and Services Bill would establish the regulatory regime that the MDIA would enforce in the nearest future. The Virtual Financial Asset Bill will create a legal frame for the virtual financial assets market and the Malta Financial Services Authority will be the responsible government body for the oversight. **Malta is creating a...

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Investments in cryptocurrency – is one of the main topics in the UK Financial Ombudsman Service’s Annual Review

...ify cryptocurrency as other risky investments category** and noted the excessive volatility of cryptocurrency. Many activities relating to cryptocurrencies are not regulated. Investors in “Initial coin offerings” run the risk of losing all their financial assets without any recourse to the **Financial Services Compensation Scheme** (FSCS), warned Financial Conduct Authority (FCA) in September ...

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Coinbase was approved by SEC to list security tokens

...ntends to purchase three companies: (I) Keystone Capital Corp., (II) Venovate Marketplace and (III) Digital Wealth LLC – as means of becoming a regulated platform for offering trading services in security tokens, as well as to tokenize traditional financial assets. Coinbase COO Assiff Hiriji commented: *“Ultimately, we can envision a world where we may even work with regulators to tokenize ...

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Malta as the new crypto bay

...Innovative Technological Arrangement and Services Act’**, and the **‘Virtual Financial Asset Act’**. The Innovative Technology Arrangements and Services Act will provide the legitimate framework for blockchain and crypto, and The Virtual financial assets Act will set up methods and conditions for ICO projects, including Anti Money Laundering, Know Your Client and other related requirem...

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Two of Malta's blockchain acts came into force

...ckchain, crypto, and ICOs, the ‘Blockchain Island’ was the first territory to commence regulation of the blockchain and crypto areas by adopting two bills, namely: '**The Innovative Technology Arrangements**' and '**The Services and the Virtual financial assets Act**'. As it was expected, both of the above-mentioned acts (the Acts) came into force on the 1st November 2018. • **The Innov...

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Russia is considering to allow crypto trading

**Russian government is actively discussing the idea of allowing cryptocurrency trading.** The country’s major crypto bill on “Digital financial assets" is already being drafted, and Deputy Minister of Finance, Alexei Moiseyev, informed what should be expected when the legislation is finally passed: *"There is a range of possibilities from prohibition to the possibility of purchase. Like w...

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The UN warns on North Korean Crypto Conference

... not to attend the upcoming North Korean Crypto Conference and openly stated that attending the conference will likely constitute a sanctions violation. The UN sanctions have been imposed on North Korea back in 2006 after its first nuclear test. financial assets including cryptocurrency and banking transactions are also covered by sanctions. Moreover, last year the UN panel reported that North...

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