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Malta’s Financial Services Authority (MFSA) has been criticized by the European Securities and Markets Authority (ESMA) for only partially meeting expectations in the MiCA authorization process for a crypto asset service provider (CASP). The review highlights regulatory shortfalls and proposes key recommendations.
- ESMA found Malta’s MFSA only 'partially met expectations' in MiCA compliance for a CASP.
- The review highlighted gaps in the authorization process but acknowledged strong supervisory staffing.
- ESMA issued recommendations to strengthen Malta’s crypto licensing framework under MiCA.
📎 Related coverage from: cointelegraph.com
Related Tags: Markets in Crypto Assets (MiCA)
Other Tags: ESMA, European Securities and Markets Authority