A proposed rulebook for investment funds focusing on cryptocurrencies has been published by Malta’s Financial Services Authority (MFSA).
The rulebook will be now subject to public consultation until next month. Once approved it would regulate Professional Investor Funds (“PIFs”) with an investment objective in cryptocurrencies. which have the investment in virtual currencies as their investment objective.
“The main proposals introduced within this new rulebook aim at safeguarding the interest of investors and the integrity of the financial market in the context of virtual currencies,” reads the announcement.