Malta raises fees on financial services, sparking controversy over potential consumer impact.

On Christmas Eve, the Maltese government quietly increased fees for financial services, including banks, insurance, and crypto assets, effective January 1, 2025. The new fees, which were not announced in the budget speech, have faced criticism from the Nationalist Party, which argues they will burden companies and eventually consumers. The Finance Ministry defended the hikes, saying they were recommended by the IMF and were necessary to cover regulatory costs.

3 months ago
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