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🇲🇹 Malta

MFSA, MiCA CASP

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 2 days ago (verified 2026-07-01). Individual cells show their own verification date below.

Licence type

MiCA CASP authorisation under the Markets in Crypto-Assets Act (Cap. 647); replaces the legacy VFA licence (VFA Act 2018) via a fast-track conversion. Malta granted one of the EU's first full CASP licences (Jan 2025).

Verified 2026-07-01 Source: MFSA - VFA licence and transition to CASP: https://www.mfsa.mt/publication/vfa-licence-and-transition-to-casp-under-the-markets-in-crypto-assets-act-mica-act/

Regulator

Malta Financial Services Authority (MFSA) - single competent authority; a long-standing crypto supervisor since the 2018 VFA regime.

Verified 2026-07-01 Source: MFSA - Crypto-Assets: https://www.mfsa.mt/our-work/crypto-assets/

Capital requirement 🔒

Unlock capital requirement with the Founder Pass Source: eur-lex.europa.eu

Timeline to authorisation 🔒

Unlock timeline to authorisation with the Founder Pass Source: mfsa.mt

Local substance 🔒

Unlock local substance with the Founder Pass Source: mfsa.mt

Application cost 🔒

Unlock application cost with the Founder Pass Source: camilleripreziosi.com

Ongoing cost 🔒

Unlock ongoing cost with the Founder Pass Source: camilleripreziosi.com

Passporting 🔒

Unlock passporting with the Founder Pass Source: eur-lex.europa.eu

MiCA CASPs approved 🔒

Unlock mica casps approved with the Founder Pass Source: helmsadvisory.com

Key restrictions 🔒

Unlock key restrictions with the Founder Pass Source: esma.europa.eu

Recent changes

First-mover: Crypto.com licensed 27 Jan 2025; ~13 CASPs now authorised (OKX, Gemini, Gate, Blockchain.com). ESMA's 10 Jul 2025 peer review criticised the MFSA's authorisation of one CASP, tightening scrutiny. Transition ends 1 Jul 2026.

Verified 2026-07-01 Source: ESMA press release (10 Jul 2025): https://www.esma.europa.eu/press-news/esma-news/esma-identifies-opportunities-strengthen-mica-authorisations

Difficulty rating 🔒

Unlock difficulty rating with the Founder Pass Source: esma.europa.eu

The decision numbers for Malta are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

See pricing See the free jurisdiction first

Track Malta

Get an email when this regime changes, fee schedules, capital rules, transition deadlines.

Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Malta's regulator and qualified local counsel before acting.