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Aside from the EU, Hong Kong and the United Kingdom have also made progress with crypto regulation. Malta’s Financial Services Authority (MFSA) has begun a public consultation on the proposed changes to its crypto rulebook. The regulator circulated a draft document representing the revised version of its crypto regulation on Monday. Malta
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MiCA, which takes effect in 2024, represents the world’s first comprehensive crypto regulation in a major jurisdiction, allowing service providers to operate across the bloc with a single license. As an EU member, Malta wants to align its crypto rules with MiCA and "ensure a smooth transition for Virtual Financial
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According to the World Federation of Exchanges, whose members include Nasdaq, the Intercontinental Exchange and the London Stock Exchange Group, the FSB should even “strengthen its stance in requiring separation of activities,” ensuring the same standards apply as would for TradFi players, when crypto companies simultaneously operate platforms, execute trades,
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The Basel-based FSB joins tax and money-laundering bodies in responding to calls for coordinated action Source
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