Malta is one of the favorite destinations for cryptocurrency companies. Indeed, while the world is divided between highly regulated countries like the United States , and others who are still hesitant to position themselves, Malta has adopted a clear attitude. At 5%, its low taxation makes it one of the most hospitable countries in tax terms . However, to face its competitors, such as Hong Kong or Switzerland , the island-state uses the same tools used by the cryptos world to seek investors, namely a thoughtful communication, and aimed at the general public on social networks.
Thus, in an article from Bloomberg , Prime Minister Joseph Muscat said that he is convinced that the currency will inevitably cryptomonnaies tomorrow . Similarly, the minister does not hesitate to show his enthusiasm about the arrival of Binance on its territory, a platform that was established in Hong Kong. Others follow in the footsteps of the Chinese platform , such as OKeX or Tron .
https://twitter.com/JosephMuscat_JM/status/977115588614086656
- JosephMuscat_JM
This position coming from a state representative towards cryptocurrencies is a first for the world. Malta really seems to want to become the center of gravity of this burgeoning new market, which is already showing significant benefits. With such tax advantages and some freedom for blockchain companies, the country has everything to become a crypto-paradise in addition to a tax haven.
Posted from my blog with SteemPress : https://infos.link/prime-minister-of-malta-cryptocurrencies-are-the-inevitable-future-of-the-currency/