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Highlights

• Malta generally styles itself a virtual-currency-friendly jurisdiction. At present, there are no rules or guidance in place that specifically treat the taxation of virtual currency in Malta, whether from an income tax, duty, or VAT perspective.
• Malta’s government has been committed to attracting blockchain-related businesses and entrepreneurship, and in 2018 the Government of Malta passed three complementary legislative acts (the Malta Digital Innovation Authority Act, the Innovative Technology Arrangements and Services Act, and the Virtual Financial Assets Act) in order to provide businesses with clear virtual currency-specific legal rules.
• Malta’s Digital Innovation Framework sets out four possible categories of Distributed Ledger Technology Assets (“DLT Assets”), which may include virtual currencies. These are: (i) Electronic Money; (ii) Financial Instruments (albeit that are intrinsically dependent on, or utilise, Distributed Ledger Technology); (iii) Virtual Tokens (more commonly referred to as Utility Tokens); or (iv) Virtual Financial Assets (“VFAs”). The classification of any given virtual currency into one of the four categories is mutually exclusive.

Virtual Currency-Specific Regulations

• Laws of Malta, , Cap.590 (Nov. 2018)
• Laws of Malta, , Cap.592 (Nov. 2018)
• Laws of Malta, , Cap.591 (Nov. 2018)
• Malta Financial Services Authority (MFSA), (Jan. 2019)
• Malta Financial Services Authority, (April 2019)
  • Malta Financial Services Authority,
• Malta Financial Services Authority, (Feb. 2019)
• Malta Financial Services Authority, (March 2019)

Nonprofit Regulations

• Laws of Malta, (Dec. 2007) Cap.492 and (2007)
• Laws of Malta, (June 1989) Cap.331
• Laws of Malta, p.547 (Jan. 1874)
• Laws of Malta, (July 1995)

Tax Regulations

• Laws of Malta, (May 2010)
• Internal Revenue Services, Malta (2008)
• Laws of Malta, (Jan. 1949) Cap.123
• Laws of Malta, (Sept. 1994) Cap.372

Anti-Money Laundering Regulations

• Laws of Malta, , Cap.373 (Sept. 1994)
• Laws of Malta, (Jan. 2018) [Transposing Requirements of EU Fourth Anti-Money Laundering Directive]
• Malta Financial Services Authority,

Other Relevant Regulations, Sources, Notes

• Ganado Advocates, (2018)
• DM Europe, (Aug. 2010)
• Corrieri Cilia Legal, (Nov. 2018)
• Global Legal Insights, Blockchain & Cryptocurrency Regulation (2019),
• Library of Congress, (accessed Oct. 2019) [note: outdated/written before final enactment of digital asset legislation]
• Malta Council for the Voluntary Sector, (Sept. 2011)
• European Center for Not-for-Profit Law, (Apr. 2009)