Malta lives up to its ‘blockchain island‘ designation when the little Mediterranean nation Tuesday passed a slew of crypto-friendly laws. As CCN and Hacked according, Malta has written 3 bills aimed toward boosting cryptocurrency and blockchain adoption.
One piece of legislation – the Virtual money Assets Bill – seeks to control the red-hot however disputable marketplace for initial coin offerings (ICOs). Among the numerous needs embarked on by VFA may be a government-mandated whitepaper for all ICOs seeking residence in Malta. only if the whitepaper is written into law, ICOs are control to a better normal than the present trend dominating the trade (basically, shoddy papers hurriedly place at the side of inconclusive timelines and orthography mistakes).
Malta has managed to poach a number of the world’s largest cryptocurrency corporations, that area unit thirstily wanting to line up look within the country. Chief among them area unit Binance and OKEx, the world’s 2 largest digital currency exchanges by mercantilism volumes.