Aug 19, 2019 at 12:35
Blockchain Technology to Help in Rental Reform in Malta
Malta plans to use a Blockchain-based approach to register rental agreements, according to Prime Minister Joseph Muscat. As the government is trying to bring new rent reform, an announcement has been made that the reforms are going to be completed soon, where all rental agreements will be properly registered on an effective Blockchain network. Malta has for long been considered as a blockchain hub in Europe and the world at large.
Jul 05, 2019 at 12:15
Malta Fights Cryptocurrency & Financial Crimes
With the alarmingly increasing rate of illicit activities associated with cryptocurrencies including Bitcoin, the Maltese government, through a Financial Crime team created by the MFSA, a monetary regulator, has decided to up its game by reinforcing inspection and compliance in order to combat the challenge of financial crime. With this result, the MFSA’s existing resources have been increased by a newly established team offered by FTI Consulting, a multinational business consultancy company based in the United States (US).
Jun 19, 2019 at 14:18
Malta Issues Blockchain-Related Guidance for Institutions
The Malta Financial Services Authority (MFSA), together with the Financial Intelligence Analysis Unit (FIAU), recently published a Guidance document for financial institutions creating accounts for financial technologies (fintechs). The aim is to encourage innovations including cryptocurrency and blockchain within the fintech sector, and protecting the integrity of the financial market.
Top 5 Blockchain & Cryptocurrency-Friendly European Nations
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.
Italy Joins Malta on Blockchain & Crypto Regulation
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.
A Luxurious Palazzo in Malta is Available for Purchase via Crypto
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.