After a process of consultation involving the MFSA and the MDIA, junior minister Silvio Schembri has set November 1st 2018 as the official date for the coming-into-force of Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS).

Junior Minister Silvio Schembri.

This announcement dovetails perfectly with the Malta Blockchain Summit – the launch date for the inaugural edition of the event will now coincide with the launch of the two new bills. The Malta Blockchain Summit is now looking to usher in a newly-regulated Blockchain Island with a programme of complementary events, featuring elite-level conferences, a Hackathon and an ICO Pitch.

Joe Cuschieri, CEO at MFSA

Malta Blockchain Summit CEO Eman Pulis commented on the announcement – “We’re delighted that the timing coincides so perfectly. We’ve always said that we’re here to support the conscious efforts being made at the national level to make Malta the primary jurisdiction for blockchain and DLT. We’re hoping that the Malta Blockchain Summit will serve as a showcase for the ecosystem, and will justify the efforts made by the Maltese government on the legislative front. This is a great opportunity for stakeholders and all 5,000 delegates attending the event.”

Early bird tickets for the Malta Blockchain Summit are available until the end of September.