Malta Determined To Become The Blockchain Island’

Regulations, Adoption, Binance Headquarters

Excerpts from an article from Cointelegraph, by Hector Sanchez dated April 9, 2018
Complete article here: http://hive.pe/yJ

Malta has made it obvious that it wants to become the “Blockchain island” and it seems determined to achieve its goal.

A notable confirmation that Malta is moving in the right direction regarding Distributed Ledger Technology (DLT) regulation was the recent announcement by Binance. The largest cryptocurrency exchange in the world by volume chose Malta for their new headquarters after the warnings received from Japan, China and Hong Kong.

Binance CEO Changpeng Zhao, known as “CZ”, welcomed other projects to Malta such as Tron:

Silvio Schembri, Junior Minister for Financial Services, Digital Economy & Innovation within the Office of the Prime Minister of Malta, commented to Cointelegraph on the news:

“Binance’s decision is a vote of confidence in what we’re offering as a country and as a Government in this sector, that is legal certainty in this space. During the meeting with CZ I explained our long-term vision reflected in the policy document that was launched in February, ‘Malta – A leader in DLT Regulation.’ We are not shying away but instead want to unleash the opportunities that holds by regulating the sector without stifling innovation. Ultimately our vision is to make Malta ‘The Blockchain Island’.”

 

E. Sue Bennett

Leave a Reply

Your email address will not be published. Required fields are marked *