The regulation of crypto assets in Malta: The Virtual Financial Assets Act and beyond

Buttigieg, Christopher P.; Efthymiopoulos, Christos

doi:10.1080/17521440.2018.1524687

Cited by 7 publications

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The statistical relationship between macroeconomic indicators and prices per unit of cryptocurrency is described in more detail in the paper of [30], [31]. The article also argues that bitcoin can no longer be perceived as a unit isolated from the global financial system and can be considered as an asset for portfolio investment with weak diversification.…”

Section: Discussionmentioning

confidence: 99%

Financial Risks of Business Management of Cryptocurrency Operations

Sherifi,

Lebid,

Goncharova

et al. 2024

TEM Journal

View full text Add to dashboard Cite

Bitcoin is an asset with high risks, and a significant part of its volatility can be explained by the speculative component. Parametric variance-covariance (VaR) methods are not applicable for assessing the risks of bitcoin investment, since log returns are not distributed according to the normal law. Autoregressive risk assessment models (such as ARIMA-GARCH) for bitcoin volatility overestimate risks at times of sharp exchange rate changes and they underestimate them at times of less significant rate changes compared to historical volatility. The grid search for the smoothing parameter in the exponentially weighted moving average method is potentially interesting for modeling the risks of bitcoin investment. This makes it possible to fully take into account the autocorrelation of the bitcoin rate to the levels of previous periods and the volatility of the asset. As a conclusion, there are currently no econometric models that can explain and forecast the volatility of bitcoin in the medium and short term, considering the available factors in the market.

show abstract

Section: Discussionmentioning

confidence: 99%

Financial Risks of Business Management of Cryptocurrency Operations

Sherifi,

Lebid,

Goncharova

et al. 2024

TEM Journal

View full text Add to dashboard Cite

show abstract

“…• Malta, where the national legislator has adopted three acts relating to DLT, which entered into force on 1 November 2018: the Virtual Financial Assets Act, the Malta Digital Innovation Authority Act, and the Innovative Technology Arrangement and Services Act 319 . These three acts introduce, PE 648.779 60 among other measures, a requirement for issuers of virtual financial assets to draw up and make available a white paper, licensing requirements for providers of virtual financial services such as brokers, conduct of business rules for license holders and certain AML requirements for license holders 320 ; and…”

Section: Minersmentioning

confidence: 99%

Features of operation regulation with virtual assets for mining activities

DMYTRENKO¹,

VOLKOVA²

2021

Nauk. pr. NDFI

View full text Add to dashboard Cite

The article deals with the peculiarities of suspicious transactions in financial markets related to the use of cryptocurrencies, it also studies current issues regarding the classification of virtual assets. The features of countering suspicious transactions in financial markets associated with the use of cryptocurrency are highlighted. Topical issues of taxonomy of virtual assets and risk assessment of service providers' activities in assessing the risk of operations with virtual assets related to their use in legalization operations are investigated. The concepts of regulation of virtual assets are considered. The concept of mining, the problem of the relationship of varieties of mining activity to the classification of certain types of activity, its legalization are defined, and recommendations for the classification of mining activities are given. The relationship between miners, validators and virtual asset providers (VASP) in the event of a cyberattack or in the presence of certain rights to the network has been analyzed, which leads to the classification of this type of activity as risky regarding the use of cryptocurrencies with criminal intent. It is also underlined the need to introduce a risk-based approach to countering money laundering and terrorist financing (AML / CFT) by national state supervisory and law enforcement agencies, enterprises involved in the virtual asset market, preventing threats and developing a legislative framework for regulation the crypto market and interaction on these issues at the international level.

show abstract

International Regulatory Competition in Crypto Finance and Comparative Discussions

Chiu

2024

LCF Studies in Commercial and Financial Law

View full text Add to dashboard Cite

The regulation of crypto assets in Malta: The Virtual Financial Assets Act and beyond

Cited by 7 publications

References 0 publications

Financial Risks of Business Management of Cryptocurrency Operations

Financial Risks of Business Management of Cryptocurrency Operations

Features of operation regulation with virtual assets for mining activities

International Regulatory Competition in Crypto Finance and Comparative Discussions

Contact Info

Product

Resources

About