Malta is fast becoming blockchain capital of the world with is friendly cryptocurrency regulations in Europe. Lately four big crypto and blockchain companies moved to Malta.
- Binance worlds biggest cryptocurrency exchange with over $1.3 billion trading volume already moved to Malta. Binance will offer fiat-to-crypto trading pairs to the small island nation.
- Neufund, the blockchain based equity fundraising platform, is announcing its involvement with Malta to support its rapidly expanding blockchain ecosystem.
- OKEx another leading worlds second largest crypto exchange announced its plans to to expand to Malta. OKEx is a leading digital asset exchange that was launched to provide global users with a robust digital-asset-only exchange platform. OKEx currently offers token-to-token and futures-like trading.
- ANX International will participate in Malta’s blockchain and virtual currency ecosystem, to expedite DLT/blockchain adoption across sectors and support the progression of crypto-friendly initiatives
In April 2018, Malta approved Crypto currency bill with new regulations.
Maltese Government recently announced, Malta to enhance public transport using Blockchain technology by signing partnership with Omnitude.
Prime Minister Joseph Muscat said he believes cryptocurrencies are “the inevitable future of money” and will form the base of a new economy in the future.
He also announced through twitter, that Malta will be welcoming worlds biggest Blockchain and Fintech companies.
“We aim to be the global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies -JM”
The US venture capital investor Tim Draper has commended the Maltese government for its approach towards blockchain technology, insisting that Malta now had a head start on a technological sector that would eventually be bigger than the internet, reported Malta Today.
CEO of world’s biggest trading company Binance, Changpeng Zha described
Malta’s leaders among the ‘most forward thinking on the planet.They are very reasonable and very approachable, and they work as hard as entrepreneurs.’
According to Bitcoin news, The Government of Malta has come up with an idea that businesses dealing with cryptocurrencies may find interesting. A new policy document seeks to set up a special agency which will “certify” blockchain platforms and “verify” crypto transactions. It is supposed to “bring peace of mind” to companies using these technologies to cut out central authorities and banks.
Malta also faces tough competition with countries such as Switzerland and Estonia in Europe for Blockchain startups.
The City of Zug in Switzerland is known as the ‘Crypto Valley’ for blockchain and crypto startups. Estonia is another tech savvy country and has planned to offer world’s first government ICO for Estcoin
