MDIA launches the first Blockchain consultation process

Posted on: 21 Sep 2018

Category: News

The Malta Digital Innovation Authority (MDIA) has issued a set of guidance notes aimed at assisting Service Providers and Innovative Technology Arrangements Applicants when approaching the MDIA for registration and certification respectively. It is the MDIA’s intention to seek feedback on each chapter through public consultations.

These guidelines will be divided into four chapters, as follows:

The MDIA made immediately available the first set of documents for public consultation, namely Chapter 1 – Systems Auditor Guidelines. These guidelines outline the requirements for Systems Auditors registered with the Authority to carry out audits on blockchain applications. The consultation period for Chapter 1 is open to the public until the 02nd  October 2018.  Click here to access the Chapter 1 guidance notes.

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.

Contact us on [email protected] for further guidance and information.