Publication of the Markets in Crypto-Assets (MiCA) Rulebook by MFSA
Publication of the Markets in Crypto-Assets (MiCA) Rulebook by MFSA
The Malta Financial Services Authority (MFSA) has issued a circular announcing the publication of the Markets in Crypto-Assets (MiCA) Rulebook and amendments to the Financial Institutions Rulebook (FIR/03). These updates introduce key regulatory obligations for entities operating in Malta’s financial and crypto-asset sectors, reinforcing alignment with EU financial regulations.
MiCA Rulebook: Regulatory Guidance for Crypto-Asset Service Providers (CASPs)
The MiCA Rulebook provides regulatory guidance for entities operating under Malta’s Markets in Crypto-Assets Act, 2024, outlining the authorisation process for Crypto-Asset Service Providers (CASPs) and issuers of Asset-Referenced Tokens (ARTs), as well as compliance requirements under the EU’s MiCA regulation. Additionally, the MFSA has published regulatory reporting documentation following a consultation in January 2025.
FIR/03 Amendments: New Obligations for Electronic Money Token Issuers
Meanwhile, amendments to FIR/03 introduce new obligations for issuers of Electronic Money Tokens, including specific requirements for outsourcing and safeguarding notifications, which must be submitted via the LH Portal at least 60 days before implementation. These updates take immediate effect, reinforcing Malta’s alignment with EU financial regulations. How BDO Malta Can Assist
For further guidance on how these regulatory updates may impact your operations, or to ensure compliance with the new MiCA and FIR/03 requirements, contact BDO Malta at legal@bdo.com.mt. Our team can provide tailored support to help you understand the implications of these changes, meet your regulatory obligations, and adapt your compliance framework accordingly.