“As the digital asset space explodes globally, the need for clear and meaningful regulation is more important than ever,” said CEO and Founder at Xcoins Rob Frye, reacting to the news that the company has received an In-Principle approval for their Class 3 VFA License issued by Malta Financial Services Authority (MFSA).

Rob Frye / LinkedIn

“Our commitment to building a fully regulated business is now one step closer to realisation. Being one of the first cryptocurrency platforms to receive In-Principle approval by the MFSA for a Class 3 VFA license is a historic milestone for Xcoins. We look forward to serving customers globally and securing additional licenses throughout 2021.”

Xcoins, which is based in Santa Venera, is among only a handful of cryptocurrency exchanges to have been granted this regulatory milestone, in recognition of internal policies and processes which are in line with the highest standards in the industry.

“Xcoins had fabulous growth since their first time contacting DWP VFA Agent Ltd. After a lot of hard work, they are now a step closer to being licensed by the Malta Financial Services Authority. I am incredibly proud to have been part of their application process and also very excited to see what the future holds,” continued Dr Rebecca Misfud, VFA Agent at DWP.

Could non-family Non-Executive Directors be the way forward for family businesses?

18 July 2024
by Fabrizio Tabone

Nadia Pace says many family businesses view NEDs as an intrusion in the family dynamic, possibly leading to ‘resistance and ...

Turkish Airlines increases capacity for Istanbul-Malta route to meet rising demand

18 July 2024
by Fabrizio Tabone

From 2nd August until 25th October 2024, the airline will use widebody aircraft for the route.

FinanceMalta Chairman George Vella ‘encouraged’ by number of firms setting up shop in Malta

17 July 2024
by Anthea Cachia

His comments came in FinanceMalta's Annual Report, which highlighted the organisation's efforts and achievements in promoting Malta.

Businesses ‘crying out for action’ against Malta’s governance, corruption, and overpopulation

17 July 2024
by MaltaCEOs

misco Director Lawrence Zammit' comments came during the presentation of the Malta Chamber of SMEs’ latest barometer for the second ...

Close Bitnami banner
Bitnami