‘Blockchain Island’ Thriving: Malta Set to Lead European Growth in 2020 - page 2.

Kemarit

legendary

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I guess it shows that if a country truly supports blockchain it can help thrive their economy and even can aid in their growth. But I think the bulk of it comes from it's friendliness towards gambling industry as well. We all know that Malta is the "IGaming Capital" not just in Europe.

Quote

Today online gaming comprises 12% of the Maltese economy, generating €700 million and employing 9,000 people. Over 330 gaming companies, including giants Betsson, Tipico ,Betfair, now call Malta home.

(https://www.maltatoday.com.mt/business/business_news/84106/the_future_is_golden_for_maltas_igaming_industry#.XcVOHb9S90s)

And as you can see, Malta is defying the odds, I mean the county is 10th smallest country in the world, and I think they're also the smallest amongst in the EU, but look at their economic growth, in the last 5-10 years all because of adopting "Blockchain Technology".

AjithBtc

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The growth of Malta is much concerned with the adoption of new technologies. When things gets advanced they try to make use of the same finding the good in it at the earliest than other countries. The population is very low which makes them easy to implement any form of advancement which isn't possible with countries with big population. Over the years Malta is technology adoptive which has led many start-up to have their business registered on Malta. This is the major revenue generator for Malta in my view.

jootn2kx

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Sounds to me like everybody wins. Companies have a regulatory-friendly environment, Malta is advancing economically, and the crypto industry has a place where it can freely develop and evolve. Good job Malta, way to set up an example for others to follow.

cheezcarls

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Malta looks set to lead Europe as the continent goes into its seventh consecutive year of economic growth. The island’s economy is forecast to expand by 4.2 percent over the course of 2020, driven, in part, by its embrace of blockchain technology.

The growth forecast figures come courtesy of the EU Commission. The organization summarised the economic projections made for European Union’s member states in a report titled, “Autumn 2019 Economic Forecast: A challenging road ahead” on Twitter earlier today.

Source link right here

I feel happy for Malta to be honest. They've been consistent for their growing economy, especially adopting the disruptive blockchain technology in the island. Right now, my friend and business colleague is there attending the Medical Cannabis event and the Malta AI and Blockchain Summit.

I think they're doing a great job to be honest. I just feel like other countries should follow suit, especially in the Southeast Asia market. However, it's not easy to be consistent for economic growth, you know? There are always challenges and setbacks that are coming in their way, but they continue to thrive and it's hard for them to stop growing.

What would be your opinion or thoughts about this guys? Thanks in advance.

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