Tokenomica Receives In-Principle Approval for a Class 4 VFA Licence in Malta



Valletta, Malta: Tokenomica today announced that it has become one of the first cryptocurrency platforms to receive an in-principle approval for a Class 4 VFA Licence from the Malta Financial Services Authority (MFSA). This milestone is a major achievement for Tokenomica on its mission to reinvent crypto investment and be fully compliant with global regulations.

Class 4 Licence holders are authorised to provide any VFA service, such as:

  • Reception and Transmission of Orders;
  • Execution of orders on behalf of other persons;
  • Dealing on own account;
  • Portfolio management;
  • Custodian or Nominee Services;
  • Investment Advice;
  • Placing of VFAs; and
  • The operation of a VFA exchange.

The in-principle approval shall be valid for 3 months within which applicants may finalize outstanding issues raised, satisfy pre-licensing conditions and submit original copies of any outstanding documentation.

Tokenomica, guided by the experts at BCA Solutions, will continue working on the licensing process, aiming to become a fully licensed exchange in Malta.

“From day one, our mission was to build a decentralized platform that operates in a regulated environment. Now we are delighted to be one of the first platforms to receive in-principle approval for a Class 4 VFA license operating under one of the most developed and specific regulatory frameworks for crypto available in the market. This is a new step in the development of our platform and it will surely help us provide additional assurance to our clients, increase trust, as we are operating in a fully transparent environment”, says Artem Tolkachev, Founder and CEO at Tokenomica.

About Tokenomica

Tokenomica uses the latest advancements based on the proven DLT technology to offer its clients a wide range of crypto-related services with fiat on-ramp in a transparent and regulated manner. Working under the VFA regime in Malta provides for a possibility to operate a crypto exchange business following best financial market practices and bridging the gap between classic and crypto worlds.

About BCA Solutions

BCA Solutions (BCAS) is a multi-disciplinary team made up of legal, financial and technology specialists, providing comprehensive services related to the cryptocurrency industry. Apart from working with some of the biggest household names in the industry, BCAS has also advised various states in the structuring of regulatory frameworks and other crypto-related initiatives and projects, providing it with the necessary expertise to bridge the gap between business and regulatory requirements. BCAS is perfectly equipped at assisting banks, exchanges, brokers, custodians, and other crypto service providers at establishing themselves in Malta, Singapore, or Liechtenstein, depending on their target markets, size of their operations, banking requirements, and other needs taken into consideration through BCAS’ tailor-made, client-friendly approach.


Cryptocurrency Regulation