Financial Crime World

IoD Malta Chairman Warns Against Overburdening Blockchain with Regulations

Malta Financial Services Authority to Host Conference on Crypto-Currencies and Blockchain

VALLETTA, MALTA - IoD Malta Chairman Edwin Ward has cautioned against overregulating blockchain technology due to its association with illicit activities such as money laundering, terrorist financing, and tax evasion.

The Dilemma: Innovation vs. Regulation

Ward made the remarks at a press conference announcing an upcoming event, “Crypto-Currencies and Blockchain: Implications for Financial Crime, Money Laundering, and Tax Evasion,” scheduled to take place on November 22 at the Malta Financial Services Authority (MFSA). The event aims to bring together key stakeholders in the financial services sector to discuss the implications of blockchain technology on anti-money laundering efforts.

The Importance of Balancing Regulation with Innovation

Ward emphasized that while it is essential to combat these illicit activities, overregulation could stifle innovation and hinder the growth of the sector. “We must not let the fear of misuse hold back progress,” Ward said. “Blockchain has numerous applications throughout the lawful economy, and we cannot afford to discourage future innovations in this area.”

Conference Highlights

The conference will feature a keynote speech by Professor Robby Houben, chair of company and financial law at the University of Antwerp, as well as presentations from Dr. Christopher Buttigieg, Head of Securities and Markets Supervision at MFSA, Jamy Nigri, CEO of BDX Alliance, and others.

Event Details

  • Date: November 22
  • Time: [TBA]
  • Location: Malta Financial Services Authority (MFSA)
  • Tickets:
    • IoD Malta members: €50
    • Non-members: €75
  • Open to: IoD Malta members and non-members alike

About the Institute of Directors Malta

IoD Malta is a business organization that aims to promote good corporate governance, entrepreneurialism, and wealth creation. With over 60 years of experience in Malta, the organization has become a trusted partner for key institutions on corporate governance issues.

Mission Statement

The IoD’s mission is to support its members by providing education, events, workshops, training, and networking opportunities. The organization also represents the views of businesses and its members in the media and with government.

Contact Information

For further information or booking please contact Charisse Mifsud at (+356) 21336507 or email: ssl.personnel@ gmail.com.