Malta’s MDX Moves Operations to Malta Stock Exchange

Malta’s MDX Moves Operations to Malta Stock Exchange

Malta Digital Exchange, or MDX, has relocated its expanding operations to the malta Stocks Exchange offices, just ahead of the launch of its digital exchange division, according to a news published by the Times of Malta
MDX is in the process of obtaining its security license to operate multilateral trading and secondary digital assets trading. The firm offer regulated services for the trading of virtual financial assets.

MDX founder and executive chairman Rick Klink believes that the move to the Maltese Stock Exchange is a crucial step to be at the heart of the next wave of institutional financial innovation.

“Malta is at the forefront of the regulatory framework for blockchain regulation and the perfect launch pad for MDX’s institutional-grade platform,” Klink said.

IMF Urges Immediate Actions on Malta’s Bank Supervision

On the other hand, the International Monetary Fund called for urgent actions to address holes in banking supervisions by the Malta Financial Services Authority, according to the Times of Malta. 

In its Financial System Stability Assessment report on Malta, the IMF said that while Malta has profited very well from significant financial inflows, there are associated risks related to money laundering and terrorism financing.

So, the regulatory office should monitor and address these factors carefully.

IMF acknowledges that authorities are now developing new areas while exploring blockchain technology.

However, “Questions have also recently surfaced regarding the implementation of the country’s anti-money laundering and countering the financing of terrorism framework, including new risks related to crypto-asset activities.”

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