According to a peer review published on Thursday, 10 July, the European Securities and Markets Authority (ESMA) has pointed out where the Malta Financial Services Authority (MFSA) failed with regard to authorising crypto-asset service providers (CASPs) in Malta under ‘MiCA’, the regulation on crypto-asset markets.
“It is unclear to the PRC [peer review committee] why MFSA did not leverage on the authorisation process to ensure that the entity would remedy key deficiencies before...