Matla is in the center of the Mediterranean sea. This small island sitting between the African continent and Europe. Presently Malta is rapidly progressing in Blockchain and Cryptocrrency sector. It became the world's friendliest place for Cryptocurrency industry. In my opinion, Malta is doing great job to welcome Blockchain and Cryptocurrency industry.
Recently in a press conference, Prime minister Joseph Muscat said that they will pass three cryptocurrency bills. These bills will cover:
- Initial coin offerings (ICOs) regulation.
- Lines for Cryptocurrency exchange.
- Cryptocurrency and Blockchain sector regulation.
Senior Advisor to WH Partners, Dr. Joseph F. Borg said
Today is a historic day for blockchain and cryptocurrency enthusiasts, professionals and entrepreneurs in Malta. It is the first step to make Malta the jurisdiction of choice for blockchain businesses. The fact that parliament unanimously voted in favour of the three bills is crucial for the stability of the sector and for Malta to become the hub of Blockchain and cryptocurrency businesses. Well done to all involved!
These three bills are:
- Malta Digital Innovation Authority Bill
- Technology Arrangements and Services Bil
- Virtual Financial Assets Bill
Now top crytpo exchange like Binance and Okex are located in Malta. These bills will attract more blockchain and cryptocurrency based companies to set up their business in Malta.
News Source:
https://www.bloomberg.com/news/articles/2018-04-23/how-malta-became-a-hub-of-the-cryptocurrency-world-quicktake
https://www.ccn.com/exclusive-maltese-government-approves-three-cryptocurrency-bills/
Thanks for Reading
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