Maltese Regulators Take On Account Access Issues

Malta’s financial regulator is seeking to stop risks from its new virtual asset licensing regime spilling over into other parts of the country’s financial sector, following a rebuke from the International Monetary Fund (IMF).

The Malta Financial Services Authority (MFSA) has issued draft guidance to credit, payments and e-money institutions that offer accounts to fintechs, including those using “artificial intelligence, distributed ledger technology, the internet of things and cloud technologies”.

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