Monday 7 April 2014

Malta establishes itself as a hub for E-money issuers

Over the past twelve months we have seen increased interest in e-money operators looking to domicile and operate their businesses in Malta. In response to this growth we have published E-money institutions: licensing and regulation in Malta on our website This publication provides what we hope will be a useful introduction to the topic, and covers the following:
  • The definition of e-money under Maltese law
  • The distinction between server based and card based e-money
  • Distinctions between payment service providers and e-money issuers
  • The activities that EMIs authorised in Malta are permitted to undertake
  • Key regulatory requirements
  • The licensing process
  • Why e-money institutions have started to choose Malta as their domicile in Europe
The payments ecosystem as a whole has also registered encouraging growth. You can read about the growth in the related sector of payment services by clicking on the below link:

Malta also continues to attract interest from operators in the virtual currency sphere (non-fiat money such as Bitcoin and Linden dollar). Local authorities remain understandably cautious about the sector, but we believe that it is only a matter of time until these new technologies and systems achieve more widespread acceptance and legitimacy. You can read more about the topic here:

If you are interested in any of these sectors, contact us on
Dr Charles Cassar

Chetcuti Cauchi Advocates

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