“As the digital asset space explodes globally, the need for clear and meaningful regulation is more important than ever,” said CEO and Founder at Xcoins Rob Frye, reacting to the news that the company has received an In-Principle approval for their Class 3 VFA License issued by Malta Financial Services Authority (MFSA).
“Our commitment to building a fully regulated business is now one step closer to realisation. Being one of the first cryptocurrency platforms to receive In-Principle approval by the MFSA for a Class 3 VFA license is a historic milestone for Xcoins. We look forward to serving customers globally and securing additional licenses throughout 2021.”
Xcoins, which is based in Santa Venera, is among only a handful of cryptocurrency exchanges to have been granted this regulatory milestone, in recognition of internal policies and processes which are in line with the highest standards in the industry.
“Xcoins had fabulous growth since their first time contacting DWP VFA Agent Ltd. After a lot of hard work, they are now a step closer to being licensed by the Malta Financial Services Authority. I am incredibly proud to have been part of their application process and also very excited to see what the future holds,” continued Dr Rebecca Misfud, VFA Agent at DWP.
Jamie Galea appointed Director of Account Management at Mastercard
Prior to this post, he worked in business development
David Valenzia appointed to Salvo Grima Group’s board of directors
David Valenzia has considerable experience in assisting with business development projects and corporate restructuring.
Nathan Farrugia completes 2,000km East Africa cycling challenge in aid of renal patients
From Mombasa, Kenya, to Kigali, Rwanda.
WATCH: Service charge must go to employees, not help cover costs, catering association President says
If a service charge is included, it should be written clearly on the menu, she says.
