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On 25 January the Malta Financial Services Authority issued an update on the Virtual Financial Assets Framework to update the public on the progress of the implementation of the regulatory framework.

The Malta Financial Services Authority has recently launched a consultation paper highlighting its vision for the coming years. Labelled as MFSA's Vision 2021 it outlines the authority’s aim to strengthen its processes and paving the way for the future of the financial services industry. Concurrently, the MFSA also launched a consultation document on the MFSA's FinTech strategy, proposing the introduction of a regulatory sandbox and innovation hub.

Progress in finance has facilitated the exchange of value to an automated process, but behind the scenes it has been a centuries’ long process to get where we are today.

Only around half of businesses have a clear strategy and business case for enhanced digital transformation within the finance function. Is your organisation ready to make better business decisions?

Monday 22 October 2018 marks the presentation of the 2019 budget of this government aimed at stimulating economic growth, reducing government debt and delivering a budget surplus year on year.

Cryptocurrency is digital or ‘virtual’ money, which uses cryptography to secure its transactions, to control the creation of additional currency units, and to verify the transfer of assets. Cryptography itself describes the process by which codes are written or generated to allow information to be kept secret.

Grant Thornton is pleased to announce that it has been appointed as Corporate Advisors for Luxury Living Finance p.l.c. in respect of an issue of €8,000,000 5% Unsecured Bonds 2028.

The Malta Financial Services Authority (MFSA) has released a Consultation Paper on the proposed introduction of a Financial instrument Test relating to its ongoing cryptocurrency regulation. The new consultation paper describes the introduction of a 'Financial Instrument Test' that would legally define virtual tokens.

The introduced Family Business Act in 2017 saw the introduction of an incentive scheme for family businesses, whereby donations of marketable securities and business property used in a family business would be subject to a reduced duty rate of 1.5%, from the standard 2% or 5%.

The AST Group p.l.c. €1.835 million 5.5% 2028 Prospects MTF bond was admitted to Prospects MTF, a market regulated as an MTF and operated by the Malta Stock Exchange. The Group will use the proceeds of the bond to finance the acquisition of a multipurpose vessel.

The IFSP conference took place today at Xara Lodge with an exceptional attendance from Malta’s leading financial services industry players. Running with the theme efficiency and innovation.

Grant Thornton has recently confirmed its support and attendance at the forthcoming Nextgen Payments Forum - the ultimate gathering for senior executives involved in financial transactions and digital payments operations.

BitMalta, Malta's first association dedicated to the promotion of blockchain technologies, has confirmed its latest partnership with the prestigious Nextgen Payments Forum that will be hosted on 27-28 February 2018 in Malta.

Just like no two zebras have the same stripes, no two business strategies are the same. Grant Thornton can help you develop yours.

Blockchain.com CEO and founder Peter Smith has recently stated that within 24 months we will see the emergence of a government-backed digital currency.