Leading the way, Malta is the first country in the world to introduce a clear regulatory framework around ICOs, tokens and cryptocurrencies with the Virtual Financial Assets Act. Under the definitions of the Act, a cryptocurrency may be classed as a Virtual Financial Asset (VFA) and this new framework aims to offer consumer protection, market integrity and financial stability. The Act identifies the need to have an intermediary between the prospective clients and the competent authority (being the MFSA) and the law states that for a VFA Agent to be licensed he must be  a “fit and proper person” and resident in Malta.

Affinity Management services (Malta) Limited can introduce both new start-ups and already established Fintech businesses to service providers and VFA Agents to ensure full compliance with the Act. Between the VFA Agent and Affinity’s knowledgeable team the following key areas are covered:

  • Anti Money Laundering (“AML”) & Know Your Client (“KYC”);
  • Corporate structuring for VFA / Initial Coin Offering (“ICO”) / Crypto-Exchange;
  • Assisting with the development of tokens and smart contracts / Tokenomics;
  • Assistance with security testing / security audit report;
  • Wallet set-up and security;
  • ICO consulting / advisory;
  • White Paper drafting / review;
  • Money Laundering Reporting Officer (“MLRO”);
  • Compliance with applicable regulations;
  • Administration services.

Affinity is well equipped to offer many services directly.

Our Services:

  • Bank account opening;
  • Introduction to payment services providers:
  • Fiduciary services:
  • Maintenance of accounting records and preparation of financial statements:
  • Data Protection Officer (“DPO”):
  • VAT registration and administration services:
  • White Paper translation services:
  • Assistance with fundraising:
  • Assistance marketing support / social media:
  • Assistance with project management.
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