According to a CCN report, the Malta Financial Services Authority (MFSA) has recently released a virtual financial asset rule manual aimed at supervising issuers of virtual financial assets under the supervision of the Virtual Financial Assets Act (VFAA). It is reported that the publication of this manual has not been well received by financial service providers. Some people even complained that in some respects, the manual's regulations were too cautious and burdensome, and made the business of cryptocurrency and blockchain more complicated. WH Partners partner Joseph Borg said in an interview with CCN that although the publication of the rule book is a positive step, it needs to be refined to be truly effective. Borg said: "I strongly recommend that financial transaction service providers participate in our consultations and talks to assist the Financial Services Regulatory Authority to develop a good regulatory framework. Obviously, some content in the rule book needs to be revised, and in some cases Adjustments are still needed. However, if I can receive suggestions from relevant companies, I believe the regulators will adopt and adjust the regulatory framework." In addition, another stakeholder who did not want to be named stated that the current rule book needs to be substantially revised before it can take effect. If it remains in its current state, it will definitely not work. According to a report by jiamihuobi on July 23, Malta’s financial regulator stated on July 20 that the country’s recently adopted cryptocurrency regulatory framework has not yet taken effect. Earlier this month, the Maltese Parliament announced the final approval of three blockchain and cryptocurrency-related bills. However, according to a press release issued by the Malta Financial Services Authority (MFSA), one of the new laws on the framework of virtual financial assets is still being developed. A26 Vape Cigarette,Replaceable Atomizer Vape Charger,Vapes Desechables,Replaceable Atomizer Electronic Cigarette Lensen Electronics Co., Ltd , https://www.lensenvape.com