Innovative technology giant countries such as Malta, Italy, Switzerland, Denmark, and Estonia, are in the top 5 European nations which are friendly to blockchain, Bitcoin and other cryptocurrencies, and have acknowledged the importance of creating a cryptocurrency focused economy. Nevertheless, forming, registering and operating a cryptocurrency firm, how much good the ground is levelled, the crypto businesses in the continent still experience serious problems.
The two legal experts (L. Egitto and G. Busuttil) were recently interviewed to give light on where Italy stands on the regulation of blockchain, cryptocurrency, smart contract and other innovative technologies. Several institutions, firms, organizations, businesses and governments have been moving forward for few years especially in Europe, such as Switzerland with its Crypto Valley project (of the canton of Zug) and Republic of Malta started before any other country.
Representing itself as a true blockchain hub, Malta has been a home country to many crypto enthusiasts. One of them has put up for sale his ancient mansion that cost nearly $3 million. The palazzo is located in the country’s capital, Valletta, and can only be bought for virtual coins.
The Maltese government is creating its own Crypto and Blockchain tech regulation in advance of the Malta Blockchain Summit, driving towards its primary goal of becoming the world hub for Blockchain-based innovations.
The global's first university powered by Blockchain technology could set up shop in Malta, and academics from some of the global's top universities have already signed up, as per reports from Medium on August 24.
The Malta Bankers' Association arranged a seminar under the topic 'Blockchain, Innovative Technologies and Regulation', purposing the nudiustertian enacted legislation. The seminar took place at Le Meridien St Julian's Hotel and Spa.
ABCC Digital Asset Exchange (ABCC), the world-class cryptocurrency exchange, has announced the opening of its first European headquarter in Malta as well as its sponsorship of the Delta Summit 2018, the Maltese government’s official blockchain event. The strategic decision comes as part of ABCC’s ongoing commitment to strengthen its presence in Europe and beyond. The firm’s move is anticipated to create new employment and investment opportunities in the island nation.
Malta Financial Services Authority (MFSA) is carrying a wide consultation exercise to guarantee that every stakeholder is properly informed on what the 3 cryptocurrency and blockchain laws which were recently passed, imply.
With the world’s largest cryptocurrency exchange Binance heading to Malta, three more exchanges decided to move their operations to offshore locations as well. The recent regulation policies accepted in China and Japan made fintech companies relocate their crypto trading businesses to remote islands.