1st of November 2018 can be marked as the date when Malta emerges as the catalyst of innovation as the legal framework regulating Blockchain enters into force.
The legislators have worked hard not to leave any stone unturned and have created an extensive legal framework made up of three Acts, these being: the Malta Digital Innovation Authority Act, 2018; the Innovative Technology Arrangements and Services Act, 2018; and the Virtual Financial Assets Act, 2018.
The launch of the bills comes in tandem with relocation from major players in the crypto sphere, such as Binance and OKEx, and government promise to make the aptly dubbed Blockchain Island the hub for blockchain and a centre of excellence for the emerging technology.
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