Act No. XIV of 2024 - Virtual Financial Assets (Amendment) Act
Fourteenth Legislature (2022 - )
| Download the Document | |
| Published on | 16 April 2024 |
Bill No. 88 - Virtual Financial Assets (Amendment) Bill
| Debated in | 1st Reading | 2nd Reading | Committee | Recommittal | 3rd Reading |
|---|---|---|---|---|---|
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Sitting No. 194
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15 Jan 2024
Plenary Session |
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Sitting No. 223
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20 Mar 2024
Plenary Session |
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Sitting No. 023
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08 Apr 2024
Adjunct Committee for the Consideration of Bills |
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Sitting No. 229
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10 Apr 2024
Plenary Session |
⦿ |
Objects and Reasons
The objects and reasons of this Bill are to amend the Virtual Financial Assets Act (Cap. 590), by aligning the national regulatory framework with Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in cryptoassets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937.