The European Securities and Markets Authority (ESMA) recently conducted an interbank review of Malta's implementation of the MiCA regulatory framework for the cryptocurrency market, questioning its approval of the registration of an unnamed cryptocurrency service provider (CASP) despite "multiple significant issues that have not been resolved or need to be rectified" during the authorization process. Although ESMA believes that Malta meets the basic standards in terms of regulatory settings and resources, it is clearly lacking in the authorization process. ESMA stated that the Malta Financial Services Authority (MFSA) should make more full use of the authorization process to ensure adequate assessment of key risks such as business expansion, governance structure, conflicts of interest, ICT architecture, Web3 services, and anti money laundering. (CoinDesk) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45361