2018-7-5 23:08 |
The Maltese Parliament has passed three bills into law that establish a regulatory framework for the country’s blockchain sector, Malta Today reports.
The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act.
The blockchain bills are designed to make Malta a hotspot for blockchain and cryptocurrency companies.
With the new blockchain laws, Malta has distinguished itself as among the world’s most friendly blockchain jurisdictions and has taken yet another step in becoming the world’s blockchain island.
The Maltese government has been working through different avenues to apply blockchain technology to public service.