Over the past months, Malta became the first jurisdiction to regulate the crypto asset sphere, with the MFSA recently issuing in-principle registrations for the first VFA Agents. The Authority is renewing its commitment to enhance Malta’s reputation as the Blockchain Island and this necessitates a consolidated effort to attract further investment and employment in this field. In this context, the MFSA is actively contributing towards ensuring that the required human resources are available to grasp such opportunities.

In conjunction with the Educational Consultative Council, this week, the Authority has welcomed over a hundred guidance teachers and JobsPlus job advisers for a training seminar to shed light on these developing technologies. The scope of the training was to provide these individuals with the necessary knowledge so they are better able to give direction to students and job seekers interested in career paths within this new industry.

During the session, the MFSA FinTech team provided an introduction on FinTech and Blockchain technology and gave further visibility of what Malta is doing on this front.  A discussion ensued on current topics detailing how these emerging technologies are impacting the general economy, the labour market and ways in which one can embrace these changes to be future ready.

These training seminars are part of MFSA’s efforts to strengthen the quality of human resources in this field, complementing its more ambitious project which involves the establishment of an Academy for Financial Supervisors.  The Academy is being established with the objective of training young and upcoming financial supervisors as well as giving the opportunity to experienced supervisors to grow further and update their knowledge.