CoinDeal Claims First Class 4 Virtual Financial Assets Licence License in Malta December 18, 2020 @ 1:30 pm By JD Alois CoinDeal says it is now the first company to have obtained a Class 4 Virtual Financial Assets (VFA) Licence in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange reports that it has just received a letter on 16 December 2020. CoinDeal explains that this allows it to provide the following VFA services to both Experienced and Non-Experienced investors: Operation of a VFA Exchange, Dealing on own account, and Holding and controlling of clients’ assets and money. The in-principle approval means that the exchange received a regulatory green light that is valid for 3 months from the date of its receipt. During this time, the applicant must meet additional requirements for both pre-licensing and post-licensing conditions. Once the application for a license has been approved, the exchange will be able to obtain it officially.