Malta has sought to lead the way in EU crypto regulation, though early leadership has not come without its challenges.
Malta’s cryptocurrency market regulator said that none of the local licenses issued under the Markets in Crypto-Assets Regulation (MiCA) are at risk following a recent peer review by European Union regulators.
“No MiCA license in Malta is at risk of revocation or re-evaluation as a result of the peer review outcomes,” a spokesperson for the MFSA told Cointelegraph, adding that the authority has already started addressing the issues identified in the review.
The statement came after the European Securities and Markets Authority (ESMA), Europe’s primary supervisory body overseeing MiCA compliance, on Thursday released a peer review on certain MiCA authorization gaps by Malta’s Financial Services Authority (MFSA).
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