<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5N2Y4NmItODcwZS03M2UwLTg0MTAtMWQ1ODM4YzM5MDdl.jpg" alt="Malta regulator: No MiCA licenses at risk after EU review"></p><p>Malta has sought to lead the way in EU crypto regulation, though early leadership has not come without its challenges.</p>