DZ&A and BOV collaborate for Blockchain in Italy


David Zahra & Associates has recently collaborated with the Italy representative office of Bank of Valletta in drafting a concise review of the Maltese Blockchain Framework from the perspective of an ICO Issuer. The review has been distributed as part of BOV’s Italian newsletter for the month of October 2018, entitled “Malta e La Regolamentazione delle ICO”.

The article summarises the most salient aspects of Malta’s much-lauded Blockchain framework; including the basic requisites and steps involved in creating an ICO for the issuance of Virtual Financial Assets (“VFAs”), the role of a VFA Agent, the scope of the regulatory framework, and the relevance and ingenuity of the Innovative Technology Arrangements and Services Act (“ITAS”); which has gone somewhat under the radar in comparison to the more commonly discussed Virtual Financial Assets Act (“VFAA”).

David Zahra & Associates are pleased to be part of the push towards the implementation and regulation of blockchain technology in Malta, and believe that an essential part of the project’s success will be effectiveness with which it is presented to our colleagues abroad in order to attract foreign interest to our unique and world-leading blockchain ecosystem.

Malta is already performing well in this respect, being recently singled out by an overwhelming percentage of readers as being the top jurisdiction worldwide when it comes to getting crypto-regulation right.

Our firm would like to thank Mr Simone Meneghini, Head of BOV’s Representative Office in Italy, for his collaboration in this endeavour.

Click here for a copy of the newsletter.