[2017-04-28]No Reason to Run Bitcoin and Blockchain Business in Malta

farl2web

full member

Activity: 168

Merit: 100

Quote from: Kemarit on April 29, 2017, 02:00:43 AM

Quote from: Karloff on April 28, 2017, 12:29:18 PM

Strangely, all countries are positive about the system of blockades, and Malta is not. There are internal reasons for this, of which no one will tell us. Maybe it's because the system is Blockchain too open

Lol. Did you read the article before you comment?

Malta is very vocal about bitcoin and blockchain technology. There is even a draft about Malta's strategy to promote bitcoin and blockchain because they want to adopt bitcoin in general. Here' is a quote from chairman of the Economic and Financial Affairs Committee, Labour MP Silvio Schembri.

Malta can attract even 1 percent of the UK’s fintech post-Brexit, “it would mean an injection of €200 million into the local economy.” He wants Malta to have “the world’s best environment for the development and commercialisation of fintech models and disruptive innovation,” thus fulfilling his dream for the country to become the “the Silicon Valley of Europe”, Malta Today reported.

However, those who said "No" are bitcoin lawyers, entrepreneurs, and traders from Malta. They have their reasons whether valid or invalid. Kindly read the article to better grasp what the discussion is all about.

Probably little else who understands that the popularity of Bitcoin can not be avoided and that each country will have to reckon with the crypto currency, and countries like Malta can only contribute to this process.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Karloff on April 28, 2017, 12:29:18 PM

Strangely, all countries are positive about the system of blockades, and Malta is not. There are internal reasons for this, of which no one will tell us. Maybe it's because the system is Blockchain too open

Lol. Did you read the article before you comment?

Malta is very vocal about bitcoin and blockchain technology. There is even a draft about Malta's strategy to promote bitcoin and blockchain because they want to adopt bitcoin in general. Here' is a quote from chairman of the Economic and Financial Affairs Committee, Labour MP Silvio Schembri.

Malta can attract even 1 percent of the UK’s fintech post-Brexit, “it would mean an injection of €200 million into the local economy.” He wants Malta to have “the world’s best environment for the development and commercialisation of fintech models and disruptive innovation,” thus fulfilling his dream for the country to become the “the Silicon Valley of Europe”, Malta Today reported.

However, those who said "No" are bitcoin lawyers, entrepreneurs, and traders from Malta. They have their reasons whether valid or invalid. Kindly read the article to better grasp what the discussion is all about.

Karloff

sr. member

Activity: 256

Merit: 250

Strangely, all countries are positive about the system of blockades, and Malta is not. There are internal reasons for this, of which no one will tell us. Maybe it's because the system is Blockchain too open

rytyr

sr. member

Activity: 473

Merit: 251

And I can see why he would support bitcoin so much because aren't most of the biggest bitcoin casinos headquartered in Malta and attracting other countries in training there for live dealer casinos around the globe?

Vladdirescu87

sr. member

Activity: 966

Merit: 264

There is no reason to run a Bitcoin or Blockchain business in Malta if you are in the EU. Bitcoin lawyers, entrepreneurs, and traders from Malta consider the local government to talk more than support the blockchain.

Joseph Muscat, the prime minister of Malta, is known as a great supporter of Bitcoin and blockchain. Recently, he stated at a conference organized by Malta’s financial affairs parliamentary committee: “This is not just about Bitcoin, and I also look forward to seeing blockchain technology implemented in the Lands Registry and the national health registries.” He also stated in his public speech: "Malta can truly serve as a test-bed for new sectors and foreign firms to test their new technology and products locally. If Malta managed to attract a mere 1% of the UK’s Fintech industry to Malta post-Brexit, it would mean an injection of €200 million into the local economy."

The full article: https://coinidol.com/no-reason-to-run-bitcoin-business-in-malta/

Topic: [2017-04-28]No Reason to Run Bitcoin and Blockchain Business in Malta (Read 9205 times)