When you think about it, there are only 2 companies that moved to Malta and we are happy as much that we say "Malta is the most favored location" People say Malta is smart and open regulations about cryptocurrencies but they did nothing. They just gave their approval to accept 2 companies related to cryptos.
There are several others countries where a company can be located and operate without a problem. Germany, Luxembourg, France, Switzerland..
Topic: Why Malta is the most favored Location for Crypto Exchanges? - page 2. (Read 749 times)
We have seen some of the biggest crypto Exchanges, like Binance and OkEx moved to Malta and another bigger exchange Bittrex is also considering to open their office in Malta.
But why Malta?
One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.
Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
But why Malta?
One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.
Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
Malta is smart, they sees the opportunity. they think 1 step ahead.
The government's support for blockchain and cryptocurrencies has led to an investment by investors across the country that will attract cryptocurrencies!
In the future, Japan, Ukraine, Russia, and some countries in Iran will become hot countries in the development of cryptocurrencies!
In the future, Japan, Ukraine, Russia, and some countries in Iran will become hot countries in the development of cryptocurrencies!
All I'll say is that the government is smart, progressive and visionary. They know that the cryptocurrency industry has come stay and they can actually profit from it, including their citizens by putting in place the right regulatory frameworks and policies.
That is the thing! When you have a government that is most especially visionary, can easily see what no one can see, and they have the zeal to want to see the space as well as their economy thrive, coming up with regulatory and lenient framework for regulation will not be a hard thing at all.Also, businesses tend to move to a region where they are accepted. It is just like normal humans, we drift towards a space or an alternative, where you know you will most definitely thrive, so the fact that Malta is a favored location for crypto exchanges and even businesses is just as a result of how Malta has decided to accept the growth of cryptocurrency businesses.
Malta AND Cyprus, both have amazing tax haven laws that allows you to have any type of website you want and easy to open one up in couple days plus pay very little to sometimes even no taxes for the profits you make, this one would you prefer if you were a new business, a quickly established cheap option or a months of regulations with high taxes ?
Why would I select to open a company in USA, UK, France, Germany or similar and be strictly followed and pay insane amount of taxes when I can bring my business to Malta and make boatloads of cash right on day 1 without worrying about government putting its nose in my business ?
Everyone already explained why malta is a favored location but we are also forgetting one other place. Limassol crypus. Those dudes are making a killin from taxes by the porn community and I think crypto is moving there small by small, for example all the exchanges near there is based on cyrpus and owners are making it work somehow. All the known porn websites like xhamster is based on limassol and there are a lot of online gambling casinos based there as well. The country is a stable one and there hasn't been a problem there since 70's hence there are a lot of business investments easily done there.Why would I select to open a company in USA, UK, France, Germany or similar and be strictly followed and pay insane amount of taxes when I can bring my business to Malta and make boatloads of cash right on day 1 without worrying about government putting its nose in my business ?
To be honest, first time for me to hear about Limassol, Crypus. So its pretty obvious that those tiny nations has somewhat found a not so secret formula to help their economy grow but attracting big companies to head quarters in their country because of the lax on tax and giving them huge incentives and privileges. Trading exchanges like Binance and OKex has moved to Malta already and there is a news the Changelly might follow suit as well. So its a win-win situation, specially for crypto enthusiast around globe and hope that other tiny nations will also do the same to make crypto even more adoptable in the next coming years. Asia is also moving on that kind of direction, countries like Hong Kong, Singapore and even the Philippines is slowly moving into a positive regulations towards crypto.
I think you already answered ypur own question. Malta in fact is a pro crypto currency country that already have laws in place to protect holders of crypto currency. Obviously companies related to crypto currency will go to a pro crypto currency nation to protect their interests.
One thing I have always known in this life is that wherever you know you will do well or wherever you think you are accepted without having to worry about some principles that will affect your business, and you see a lot of things in place that would make the environment friendly for business, then that is where you will most definitely want to float towards.Malta has shown a great interest for the development of the crypto sphere as well as its growth, have brought about friendly environment for crypto organizations and businesses, and of course, there is nothing else to expect than for businesses to find a haven where they know they can basically flourish.
Malta is a small archipelago south of Europa, whose government has set up the crypto platform and has the most friendly jurisdiction for the cryptocurrency sector, so it is not surprising that many well-known companies / crypto exchanges open offices in malta.
You pretty much nailed the reason.
It all comes down to whether or not the government is supportive of crypto businesses or not. Malta is obviously really one of the countries that are pushing for crypto regulation with some pretty nice incentives for businesses who do want to be based in their country.
Ultimately, I think this is the way to go forward. Instead of being negative towards bitcoin with countries like India with their draconian measures, I reckon it's going to benefit the government as well as crypto businesses to actively try to regulate the exchange scene with positive regulation without overly strict rules, as the revenue in the future would be tremendous.
It all comes down to whether or not the government is supportive of crypto businesses or not. Malta is obviously really one of the countries that are pushing for crypto regulation with some pretty nice incentives for businesses who do want to be based in their country.
Ultimately, I think this is the way to go forward. Instead of being negative towards bitcoin with countries like India with their draconian measures, I reckon it's going to benefit the government as well as crypto businesses to actively try to regulate the exchange scene with positive regulation without overly strict rules, as the revenue in the future would be tremendous.
As we observe many Crypto exchange and Cryptocurrency companies are now transferring in Malta because this country is Cryptocurrency friendly and the government think if many Cryptocurrency exchanges will making business to there country many of there countrymen can get a job and helps to improve there economy,and also Malta is giving guarantee to the Cryptocurrency exchange owners and companies that they get only small tax to them that's why many Cryptocurrency exchanges now are engage to transfer in Malta.
while many countries have not allowed it, Malta made a different breakthrough, making it a haven for cryptocurrency. of course the government there has calculated well between profit and loss, and this can be an example for other countries 
As we observe many Crypto exchange and Cryptocurrency companies are now transferring in Malta because this country is Cryptocurrency friendly and the government think if many Cryptocurrency exchanges will making business to there country many of there countrymen can get a job and helps to improve there economy,and also Malta is giving guarantee to the Cryptocurrency exchange owners and companies that they get only small tax to them that's why many Cryptocurrency exchanges now are engage to transfer in Malta.
I think you already answered ypur own question. Malta in fact is a pro crypto currency country that already have laws in place to protect holders of crypto currency. Obviously companies related to crypto currency will go to a pro crypto currency nation to protect their interests.
Yeah, over the years, we have seen the level of hand that Malta has stretched out to the crypto space when it comes to acceptance and that is one thing that is hard to come by, and I am sure, they are pretty smart or they have a government with a huge vision, who understands that rather than fighting the crypto space for no reason, there is so much to benefit from it. We have seen what most of the exchanges are raking in from trading, and I can imagine how that would keep having an impact on the Maltese society at large in the long run. 
Must be a real great country to stay on. They are attracting all these innovators and gambling investors to invest in their country. The government can probably stand on its own without taxing their people but only the institutions who go there to put more offices and businesses relate to crypto. Kind like of a Hong Kong or Singapore in Asia.
I think you already answered ypur own question. Malta in fact is a pro crypto currency country that already have laws in place to protect holders of crypto currency. Obviously companies related to crypto currency will go to a pro crypto currency nation to protect their interests.
All I'll say is that the government is smart, progressive and visionary. They know that the cryptocurrency industry has come stay and they can actually profit from it, including their citizens by putting in place the right regulatory frameworks and policies.
It is easy to say that who ever gets the attention first would take a lead in a new economy where crypto is the primarily payment methods in the world. We would not be surprised in the future governments would open establishments for mining company where they could mine with almost 0 electricity rate but what country could that be?
Malta AND Cyprus, both have amazing tax haven laws that allows you to have any type of website you want and easy to open one up in couple days plus pay very little to sometimes even no taxes for the profits you make, this one would you prefer if you were a new business, a quickly established cheap option or a months of regulations with high taxes ?
Why would I select to open a company in USA, UK, France, Germany or similar and be strictly followed and pay insane amount of taxes when I can bring my business to Malta and make boatloads of cash right on day 1 without worrying about government putting its nose in my business ?
Everyone already explained why malta is a favored location but we are also forgetting one other place. Limassol crypus. Those dudes are making a killin from taxes by the porn community and I think crypto is moving there small by small, for example all the exchanges near there is based on cyrpus and owners are making it work somehow. All the known porn websites like xhamster is based on limassol and there are a lot of online gambling casinos based there as well. The country is a stable one and there hasn't been a problem there since 70's hence there are a lot of business investments easily done there. Why would I select to open a company in USA, UK, France, Germany or similar and be strictly followed and pay insane amount of taxes when I can bring my business to Malta and make boatloads of cash right on day 1 without worrying about government putting its nose in my business ?
Malta government makes crypto friendly regulations, their open attitude will create good conditions for investment. but not only was Malta open to crypto, I had read that Switzerland and Gibraltar were also a haven for cryptocurrency investors.
September 26, 2018, 11:26:22 AM
We have seen some of the biggest crypto Exchanges, like Binance and OkEx moved to Malta and another bigger exchange Bittrex is also considering to open their office in Malta.
But why Malta?
One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.
Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
That’s true, and apart from just that I also think that other countries are kicking against Bitcoin (not really all of them) but they have rules that doesn’t really favor cryptocurrency, so maybe that’s also for all of them to be moving to Malta, and by the way the government of Malta is keeping an open arms for it, so that will be the best place for it.But why Malta?
One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.
Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
September 26, 2018, 11:08:09 AM
We have seen some of the biggest crypto Exchanges, like Binance and OkEx moved to Malta and another bigger exchange Bittrex is also considering to open their office in Malta.
But why Malta?
One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.
Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
That’s true, and apart from just that I also think that other countries are kicking against Bitcoin (not really all of them) but they have rules that doesn’t really favor cryptocurrency, so maybe that’s also for all of them to be moving to Malta, and by the way the government of Malta is keeping an open arms for it, so that will be the best place for it.But why Malta?
One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.
Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
September 26, 2018, 09:06:24 AM
Why would I select to open a company in USA, UK, France, Germany or similar and be strictly followed and pay insane amount of taxes when I can bring my business to Malta and make boatloads of cash right on day 1 without worrying about government putting its nose in my business ?
Well it's advantageous to operate your business where most of the user base are. There's also a sense of security that comes with dealing with a company that doesn't operate from somewhere not much people don't know about.
Malta is hands-down better policy-wise just because of clarity alone, don't get me wrong, but if it were such a no-brainer, everyone would be packing up to go.
Malta is an ideal base for those aiming for the European, Middle Eastern, African and Asian markets.
Small country means the Government is easily accessible but also still seen as legitimate by other countries.
There are major benefits from having easy, open access to top Government officials and politicians.
Some exchanges avoid the US market because it is a risky market to operate in. SEC, lawsuits, unfavorable regulations, local Government interference are just a few reasons to avoid being located in the USA.
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