Malta (MDIA) – Blockchain applications being discussed

The Malta Digital Innovation Authority (MDIA) has launched a consultation process to start registering service providers and to certify blockchain applications.

The consultation process will be divided into four stages.

• The first consultation document published on Tuesday pertains to the System Auditor Guidelines. These guidelines outline the requirements for Systems Auditors registered with the Authority to carry out audits on blockchain applications.

• The second consultation document is on Innovative Technology Arrangement Guidelines which sets out the requirements to certify DLT Platforms and Smart Contracts.

• The third consultation document consists of the Technical Administrator Guidelines and outlines the requirements for the entity responsible to maintain and oversee the Technology Arrangements to safeguard user protection.

• Lastly, the fourth consultation document relates to the Resident Agent Guidelines which obliges non-Maltese companies/individuals to engage a person residing in Malta for their operations.

The documents can be accessed here.