Socios.com Secures In-Principle Approval for Virtual Financial Assets License from Malta’s MFSA

In a significant regulatory achievement, Socios.com, a leading sports platform under the Chiliz Group, has obtained in-principle approval from the Malta Financial Services Authority (MFSA) for a Class 3 Virtual Financial Assets (VFA) license. Announced through a press release on Chiliz’s official website, this approval enables Socios.com to operate as a regulated Virtual Financial Asset service provider in Malta. This strategic move not only positions Socios.com within Malta’s dynamic fintech regulatory framework but also aligns the platform with the forthcoming EU-wide compliance standards under the Markets in Crypto-Assets (MiCA) regulation.