EU regulator criticises Malta’s crypto licensing process
By Elizabeth Howcroft
PARIS (Reuters) -Malta did not do enough to assess the level of risk when granting a licence to a crypto company under the EU’s new regulatory regime, the bloc’s financial watchdog said on Thursday following an examination of the Maltese regulator.
Reuters first reported in June that the European Securities and Markets Authority (ESMA) was scrutinising Malta’s crypto authorisation process, after some regulators raised concerns in closed-door meetings about the speed with which licences were being granted by some states.
Under the EU’s Markets in Crypto-Assets (MiCA) regulation, which came into force this year and is the world’s first comprehensive set of crypto rules, companies offering crypto services…
