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BUSINESSTODAY 7 November 2019

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New Issued by Bank of Valle a p.l.c., 58, Triq San Żakkarija, Il-Belt Valle a VLT 1130. Bank of Valle a p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the Laws of Malta). REWARD YOURSELF AT THE POINT SHOPPING MALL Talk to us | 2131 2020 | BOV CARDS Earn points in the BOV Loyalty Rewards Programme every single me you use your BOV Premium Cards €1.50 PAGE 4 PAGE 14 INTERVIEW PAGES 10 & 11 MCST leading research and innovation sector in Malta 'Malta needs more quality entertainment' Central bank digital currencies: edging towards reality? PAGE 2 PAGE 5 THURSDAY 7 NOVEMBER 2019 • ISSUE 33 WWW.BUSINESSTODAY.COM.MT MASSIMO COSTA CYPRUS has started a process to rescind the citizenship of 26 individuals who obtained a Cypriot passport through the country's investment scheme. e Mediterranean island has admit- ted its scheme had flaws, following an October Reuters report which uncov- ered a list of Cambodian high-ranking officials, including the chief of police, finance minister, and relatives of the prime minister, who had bought Cyp- riot citizenship. e passports were bought using wealth held overseas. e Cypriot scheme has also come un- der fire for granting citizenship to Jho Low, a Malaysian financier sought by Malaysian, Singaporean and US author- ities in connection with the 1Malaysia Development Berhad scandal. Cyprus to strip dozens of citizenships after admitting flaws in investment scheme MFSA lays down clear supervisory expectations for licensed entities

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