GTG - Malta Law Firm

08/10/2026

A customer’s tick-box declaration does not replace the wallet verification required under the Travel Rule.

In VI v Foris DAX MT Limited, Malta’s Arbiter for Financial Services examined the connection between inadequate wallet verification and losses arising from an investment scam. The provider was ordered to pay 40% of the complainant’s losses, following an assessment of both its verification failure and the complainant’s own contribution.

Our latest article examines the distinction between collecting a customer’s declaration and verifying ownership or control of a self-hosted wallet, the evidence needed to demonstrate compliance, and the implications for consumer claims.

The decision reinforces the importance of effective, documented verification. Liability remains dependent on the evidence and circumstances of each case.

https://gtg.com.mt/travel-rule-compliance-casp-wallet-verification/

Travel Rule compliance requires more than a tick box. A Maltese ruling examines CASP wallet verification failures and liability for consumer losses.

08/10/2026

That's a wrap!
Thank you, Istanbul Fintech Week

06/10/2026

Malta is well represented at Istanbul Fintech Week 2026, with GTG Managing Partner Dr Ian Gauci and Ludwig Mallia, Head of Innovation at Bank of Valletta, contributing Maltese expertise to international discussions on fintech and artificial intelligence.

Both were also invited to attend today’s Leaders Forum.

Their participation brings together legal, regulatory and banking perspectives on the opportunities and challenges shaping the future of financial services.

06/10/2026

GTG Partner Dr Cherise Abela Grech will join the panel “𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐠𝐞 – 𝐖𝐢𝐥𝐥 𝐃𝐋𝐓 𝐚𝐧𝐝 𝐓𝐨𝐤𝐞𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞?” on 12 November at the 19th FinanceMalta Annual Conference.

The discussion will explore the practical implications for issuers, investors and market infrastructure, and the opportunities for Malta and Europe as capital markets evolve.

Under the theme “Financing the Next Generation Economy”, the conference takes place on 11–12 November 2026 at the Hilton Malta, St Julian’s.

View the programme and register: financemalta.org/fmconf

05/10/2026

Last week, at the 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐅𝐨𝐫𝐮𝐦 by SBC Events in Lisbon, GTG’s Partner Dr Terence Cassar spoke in the panel “𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐟𝐮𝐭𝐮𝐫𝐞𝐬: 𝐛𝐫𝐢𝐝𝐠𝐢𝐧𝐠 𝐭𝐡𝐞 𝐠𝐚𝐩 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐭𝐡𝐞 𝐔𝐒 𝐚𝐧𝐝 𝐄𝐮𝐫𝐨𝐩𝐞”.

The panel included Charles Mizzi, CEO, Malta Gaming Authority, Andrew Lyman, Gambling Commissioner, HM Government of Gibraltar, and Zach Doctor | WagerWire | Wire Markets, and was moderated by Ron Segev of Segev LLP.

Dr Cassar spoke on regulatory aspects concerning prediction markets from the European law point of view, explaining the impact of ESMA’s statement, what gaming regulation may require, and opining that existing regulation is already apt to deal with this new model.

𝐇𝐢𝐬 𝐜𝐨𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐦𝐞𝐬𝐬𝐚𝐠𝐞 𝐰𝐚𝐬 𝐜𝐥𝐞𝐚𝐫, 𝐛𝐞𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐡𝐢𝐬 𝐯𝐢𝐞𝐰𝐩𝐨𝐢𝐧𝐭 𝐢𝐬 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐢𝐬 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧-𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐚𝐭𝐡𝐞𝐫 𝐭𝐡𝐚𝐧 𝐦𝐨𝐝𝐞𝐥-𝐛𝐚𝐬𝐞𝐝.

29/09/2026

𝐆𝐓𝐆 𝐢𝐬 𝐢𝐧 𝐋𝐢𝐬𝐛𝐨𝐧 𝐟𝐨𝐫 𝐒𝐁𝐂 𝐒𝐮𝐦𝐦𝐢𝐭 𝟐𝟎𝟐𝟔

Our Partners, Mr Reuben Portanier and Dr Terence Cassar, are attending the summit and look forward to connecting with colleagues across the gaming industry.

On 1 October, Dr Cassar will join the 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐅𝐨𝐫𝐮𝐦 as a panellist, contributing a legal perspective to the discussion.

𝐀𝐭𝐭𝐞𝐧𝐝𝐢𝐧𝐠 𝐒𝐁𝐂 𝐒𝐮𝐦𝐦𝐢𝐭? 𝐆𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡 𝐰𝐢𝐭𝐡 𝐑𝐞𝐮𝐛𝐞𝐧 𝐨𝐫 𝐓𝐞𝐫𝐞𝐧𝐜𝐞 𝐭𝐨 𝐚𝐫𝐫𝐚𝐧𝐠𝐞 𝐚 𝐦𝐞𝐞𝐭𝐢𝐧𝐠 𝐢𝐧 #𝐋𝐢𝐬𝐛𝐨𝐧.

24/09/2026

The European Banking Authority (EBA) has responded to the European Commission’s consultation on the MiCA review, calling for closer scrutiny of stablecoin arrangements, the regulation of crypto-asset lending and greater clarity on MiCA’s scope.

It also recommends changes to supervisory and reporting requirements and highlights the need to clarify how MiCA interacts with payment services legislation.

https://gtg.com.mt/eba-responds-to-mica-review-consultation/

Explore the EBA’s response to the MiCA review, including its recommendations on stablecoins, crypto-asset lending, supervision and payment services.

24/09/2026

Today in , Dr Ian Gauci delivered the keynote at the 𝟏𝟐𝐭𝐡 𝐆𝐞𝐫𝐦𝐚𝐧 𝐆𝐚𝐦𝐛𝐥𝐢𝐧𝐠 𝐋𝐚𝐰 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞.

Speaking on AI and Gambling Regulation, he examined the increasingly complex intersection between AI innovation, regulatory compliance and consumer protection.

His central argument was that these are not separate questions to be addressed one after another. In an AI enabled gambling environment, they operate simultaneously on the same system, across the AI Act, gambling regulation and consumer law.

As he concluded, coherence cannot simply be supervised into a system after the event. It has to be designed into it from the outset, with compliance considered from the start and capable of being demonstrated throughout.

22/09/2026

Dr Cherise Abela Grech, spoke today at 𝐅𝐢𝐧𝐓𝐞𝐜𝐡 𝟐𝟎𝟑𝟎: 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐍𝐞𝐱𝐭 𝐄𝐫𝐚 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬, organised by the Malta Financial Services Authority - MFSA.

During the panel discussion on 𝐓𝐨𝐤𝐞𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧, Dr Abela Grech discussed the legal classification of tokenised assets under MiCA, MiFID and other applicable frameworks, including when a prospectus, MiCA white paper or PRIIPs KID may be required depending on the classification of a DLT asset.

Moderated by James Farrugia, the panel also brought together Luca Celati, Daniele Bernardi, Samuel Azzopardi and Fabio Axisa.

Congratulations to the MFSA on a well-organised and insightful event.

22/09/2026

Malta has established its national framework for the implementation and enforcement of the EU Cyber Resilience Act.

Our latest article examines the Malta Digital Innovation Authority’s role, the reporting obligations already in force, and the conformity assessment and enforcement framework under the new Regulations.

https://gtg.com.mt/malta-gives-the-cyber-resilience-act-its-local-limb/

Cyber Resilience Act Malta: understand the new Regulations, the MDIA’s role, reporting deadlines, conformity assessment, enforcement and penalties.