Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
MFSA
MFSA (Malta Financial Services Authority) Calls Out Two Unlicensed Exchanges
On the 25th March 2020, the Malta Financial Services Authority warned against Foxtrades and Coinmalex crypto exchanges. The two crypto exchanges claim to be licensed by the nation, but the MFSA denied the claims. For instance, Foxtrades indicates that the MFSA licensed it as a category three service provider on its website. Nevertheless, the MFSA wished to alert the public that Foxtrades is not a Maltese registered company, and urged the public from undertaking any business or transaction with the…
5 years ago
The Malta Financial Services Authority (MFSA) Releases A Security Token Evaluation
On February 25, The Malta Financial Services Authority provided a paper highlighting 18 industry stakeholders' feedback on security token offerings (STO). The MFSA in July 2019, requested the stakeholders to help interpret and advise on the definition of STOs, and their basis for legal existence. However, the published paper gives good feedback on the definition of security tokens and the possible ways of addressing the issues facing the assets within the Maltese market. However, most respondents disagreed with the MFSA…
5 years ago