We are proud to announce that Grant Thornton Malta was amongst the first batch of companies to be registered by the Malta Financial Services Authority (“MFSA”) to offer the services of a Virtual Financial Assets (VFA) Agent (under both articles 7 and 14 of the VFA Act) enabling Grant Thornton to support both VFA issuers in the registration of ICO whitepapers as well as VFA service providers in their licensing process.
This reflects Grant Thornton Malta’s continuing commitment to this space where it has been a thought leader contributing to Malta’s efforts to regulate this space. The Virtual Financial Assets Act (VFAA) requires potential issuers of VFAs/service providers to appoint a VFA Agent to assist them with their offering or application for admission to listing/license application respectively.
Accordingly, Grant Thornton Malta are now authorized to act as intermediaries between potential issuers and/or service providers and the MFSA for VFA issuances and license applications. The VFA Agent is central to the relationship between the client and the MFSA, also acting as a gate keeper to safeguard the public interest.
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