The paper critically examines the framework for the regulation of crypto assets in Malta, with a particular focus on anti-money laundering and funding of terrorism. It identifies the risks relating to crypto assets, and how these are addressed through Malta's Virtual Financial Assets Framework. To this end, the paper argues that the Maltese framework goes beyond the EU's fifth Anti-Money Laundering Directive. In this connection, the paper also argues that the Maltese framework could possibly be a model for a more extensive EU regime in this context. Finally, the paper sets forth recommendations towards action which may be taken at an EU level in order to address the money laundering and terrorism financing threats associated with crypto assets.

中文翻译：

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欧洲最小成员国加密资产反洗钱监管

该论文批判性地研究了马耳他加密资产的监管框架，特别关注反洗钱和资助恐怖主义。它确定了与加密资产相关的风险，以及如何通过马耳他的虚拟金融资产框架解决这些风险。为此，本文认为马耳他框架超越了欧盟第五个反洗钱指令。在这方面，该文件还认为，马耳他框架可能是在这种情况下更广泛的欧盟制度的典范。最后，该文件提出了有关可能在欧盟层面采取的行动的建议，以解决与加密资产相关的洗钱和恐怖主义融资威胁。