Malta Took a Step Towards Becoming the World's Cryptocurrency Center

Malta made a significant step towards calling itself a "blockchain-island". It should be noted that the parliament of the state adopted three bills that deal with cryptocurrency, blockchain, and technology of distributed ledger (DLT). All three bills were presented by Silvio Schembri, who is a member of the Maltese Parliament, as well as the parliamentary secretary responsible for financial services, the digital economy and innovative solutions in the state.

It should be noted that the bills received the following titles: "The Law on Innovative Technologies and Services", "The Law on Virtual Financial Assets", as well as the "Law on Digital Innovation of Malta".

The government expects that the new legislation will allow making a serious step towards calling the island an international cryptocurrency business center. Such a provision will allow to ensure the legislative regulation of the ICO, as well as determine the powers of the Digital Innovation Authority.

Recall that the government of Malta has a positive attitude to the technology of blockchain, and here, well-known world crypto companies are registered. In particular, large crypto exchanges, such as Binance and OKEx.

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