The European Union’s financial watchdog has expressed serious concerns over Malta’s handling of cryptocurrency licensing, according to a Reuters report. Highlighting issues related to oversight and regulatory rigor, the EU regulator criticised Malta’s process for approving crypto firms, raising questions about the island nation’s role as a burgeoning hub in the digital asset industry. This scrutiny comes amid growing efforts across Europe to tighten controls on the fast-evolving crypto sector.
EU Regulator Highlights Shortcomings in Malta’s Crypto Licensing Framework
The European regulatory body has raised significant concerns regarding Malta’s current crypto licensing framework, emphasizing the need for comprehensive reforms. The report highlights that the existing system lacks rigorous due diligence procedures, which could potentially expose the market to heightened risks of fraud and money laundering. Key criticisms include inadequate transparency in application…
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Author : Ethan Riley
Publish date : 2025-11-15 16:42:00
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