AA UNION CAPITAL (AAUC) investment fund, its incubator project KYCBench and other invested 7 major projects chief representatives covering crypto mining energy saving, regulatory frameworks, OTC sessions, with Vice President Salina Bo and key investing board members – Fund and Compliance Manager Cos Pana, Head of Data Management Alexandra Marchenko and OTS specialist Chris Klein held over 35 interviews and meeting with potential partners and ICOs projects for investment purpose during Malta Blockchain Summit at the venue location, Intercontinental Hotel St Pauls.
AA Union Capital conducted one of the main topics of the Malta Blockchain Summit, which held in Malta on November 1-2, was innovations in the regulation of online business. Some fundamental changes affect almost all industry participants and here are the main trends in this area.
According to the experts, the recent global trends in the field of regulation, there are three main trends that will have the greatest impact on the blockchain industry in the future. This is a European directive MiFID (II), aimed to tighten control over securities transactions; customer data protection regulations (GDPR); and also, perhaps, the “hottest” topic is cryptocurrency regulation.
Number of successful and promising cooperation’s where established with such well-known companies as Deloitte Malta, ICO Launch Malta, Blockchain Advisory Malta, Evercoin and ARQ Group, especially their Managing Director, Jean Paul Fabri, an economist at the Central Bank of Malta and advisor of Lawrence Gonzi, the Prime Minister of Malta during 2004-2013.
Supreme networking events, gathering and connecting people from all around the world, allowed us to held interesting discussions and share views and ideas with such blockchain celebrities as Miko Matsumura and Ian Balina; meeting our established star partners as CGCX and Coinstruction; and off course attending most interesting and remarkable conferences.
One of the essential conferences was held by Oxford Blockchain Foundation (OXBC), which was mostly related to government and blockchain tech with key participants in the Malta crypto / BC scene speaking up about Healthcare, GDPR, Blockchain & Governments: Bruce Jeong, Nicholas Warren, Maria Marenco, JP Fabri, Joel Semczyszyn, Mihaela Ulieru, Terence Cassar, Lynn Connolly, Celia Mifsud and Antonio Giannino.
One of the general highlight of the event was that the Virtual Financial Assets Act (Cap. 590 of the laws of Malta, the ‘VFAA’) finally came into effect. As the official date for the VFAA entry into force, is set to be remembered as a day Malta entrenched its leading role in the world of Distributed Leger Technologies and Digital Assets.
With significant media attention being drawn towards the fledgling crypto-asset industry, as well as the wider ‘token’ economy, the VFAA comes at a vital time to promote its sound development by enshrining market integrity and investor protection. Pivotal to this outcome will be the gatekeeping role entrusted to VFA Agents who will be registered with the Malta Financial Services Authority (MFSA), and will be required to be appointed by market players who wish to carry out IVFAOs or VFA Services.
KYCBench, firstly as a KYC (Know Your Customer) and AML (Anti-Money Laundering) provider, believes that streamlining the law governing online business is a normal civilized process that will continue. Therefore, it is important to take into account popular trends and adapt business to them in a timely manner. Ignoring this will result in significant losses in the future.
Few years ago service providers, compared to banks, felt very free, but today their activities are strictly regulated, and they are forced to comply with strict requirements related to KYC and AML. Undoubtedly, the same in the near future awaits miners, mining cryptocurrency, and traders in these currencies.
AA Union Capital conducted one of the main topics of the Malta Blockchain Summit, which held in Malta on November 1-2, was innovations in the regulation of online business. Some fundamental changes affect almost all industry participants and here are the main trends in this area.
According to the experts, the recent global trends in the field of regulation, there are three main trends that will have the greatest impact on the blockchain industry in the future. This is a European directive MiFID (II), aimed to tighten control over securities transactions; customer data protection regulations (GDPR); and also, perhaps, the “hottest” topic is cryptocurrency regulation.
Number of successful and promising cooperation’s where established with such well-known companies as Deloitte Malta, ICO Launch Malta, Blockchain Advisory Malta, Evercoin and ARQ Group, especially their Managing Director, Jean Paul Fabri, an economist at the Central Bank of Malta and advisor of Lawrence Gonzi, the Prime Minister of Malta during 2004-2013.
Supreme networking events, gathering and connecting people from all around the world, allowed us to held interesting discussions and share views and ideas with such blockchain celebrities as Miko Matsumura and Ian Balina; meeting our established star partners as CGCX and Coinstruction; and off course attending most interesting and remarkable conferences.
One of the essential conferences was held by Oxford Blockchain Foundation (OXBC), which was mostly related to government and blockchain tech with key participants in the Malta crypto / BC scene speaking up about Healthcare, GDPR, Blockchain & Governments: Bruce Jeong, Nicholas Warren, Maria Marenco, JP Fabri, Joel Semczyszyn, Mihaela Ulieru, Terence Cassar, Lynn Connolly, Celia Mifsud and Antonio Giannino.
One of the general highlight of the event was that the Virtual Financial Assets Act (Cap. 590 of the laws of Malta, the ‘VFAA’) finally came into effect. As the official date for the VFAA entry into force, is set to be remembered as a day Malta entrenched its leading role in the world of Distributed Leger Technologies and Digital Assets.
With significant media attention being drawn towards the fledgling crypto-asset industry, as well as the wider ‘token’ economy, the VFAA comes at a vital time to promote its sound development by enshrining market integrity and investor protection. Pivotal to this outcome will be the gatekeeping role entrusted to VFA Agents who will be registered with the Malta Financial Services Authority (MFSA), and will be required to be appointed by market players who wish to carry out IVFAOs or VFA Services.
KYCBench, firstly as a KYC (Know Your Customer) and AML (Anti-Money Laundering) provider, believes that streamlining the law governing online business is a normal civilized process that will continue. Therefore, it is important to take into account popular trends and adapt business to them in a timely manner. Ignoring this will result in significant losses in the future.
Few years ago service providers, compared to banks, felt very free, but today their activities are strictly regulated, and they are forced to comply with strict requirements related to KYC and AML. Undoubtedly, the same in the near future awaits miners, mining cryptocurrency, and traders in these currencies.
