Maltese Parliament Passes Three Blockchain Bills into Law

Maltese Parliament Passes Three Blockchain Bills into Law
ôîòî ïîêàçàíî ñ : bitcoinmagazine.com

2018-7-5 20:51


The Maltese Parliament has passed three bills into law that establish a regulatory framework for the country's blockchain sector, Malta Today reports.

Just last week, the Parliament “unanimously voted” to approve these bills in its second reading. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act.

Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, shared an update on Twitter about the new development, which he believes will make Malta “the first world jurisdiction to provide legal certainty to this space.”

“The 3 Bills that will regulate DLT [distributed ledger technology] have been approved by Parliament and enacted into law,” the tweet reads.

The blockchain bills are designed to make Malta a hotspot for blockchain and cryptocurrency companies. Schembri believes that they will attract new businesses and put investors’ minds to rest.

While celebrating the new milestone in an update shared on Twitter, Maltese Prime Minister Joseph Muscat said that the new laws will make Malta a “global hub for market leaders” in the blockchain industry.

According to Muscat, the new legislation proves that Malta is the first country globally with a “holistic legislative framework” for regulating the blockchain space. Blockchain companies now have the legal tools necessary to operate in a forward-looking, regulated economy, the prime minister added.

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. Earlier this year, it partnered with Omnitude to improve the transport system using DLT. In the past, the government has conducted a feasibility study using blockchain technology to record academic certificates.

Many crypto and blockchain businesses have already set up shop in Malta, as well. The most notable ones include OKEx, Binance and BitPay.


This article originally appeared on Bitcoin Magazine.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0.0064459
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 1.90611 (-100%)

blockchain malta new bills maltese parliament act

Èñòî÷íèê: bitcoinmagazine.com

blockchain malta → Ðåçóëüòàòîâ: 20


Ôîòî:

The University of Malta Introduces Blockchain and DLT Degree Program

The University of Malta, the highest educational institution in bitcoin-friendly Malta, has launched a master’s degree program in blockchain and distributed ledger technology (DLT). The course is aimed at equipping students with the skills they need to function in the rapidly evolving world of blockchain technology, according to reports on October 24, 2019.

2019-10-25 21:00


Binance’s CEO and Team, attend Malta’s First Ever Blockchain Summit

The country of Malta is spearheading the regulation of cryptocurrencies and blockchain technology by being the first nation to issue clear legislation and/or guidelines on the industry. To promote the country as a hub for blockchain innovation, the first ever Delta Summit was held in Malta from the 3rd to the 5th of October this […] The post Binance’s CEO and Team, attend Malta’s First Ever Blockchain Summit appeared first on Ethereum World News.

2018-10-7 18:10


Ôîòî:

Malta’s Rise to Crypto Prominence, E.U. Proximity Helps Island-State Lead Blockchain Revolution

Malta is emerging as a prominent force in the world of cryptocurrencies. The European island-state has surprised many this year with its continual positioning as a “blockchain economy,” and is now edging over Gibraltar, another economy banking on blockchain for a resurgence, due to the latter’s shaky relationship with the European Union.

2018-10-7 01:12


Ôîòî:

University of Malta and MITA Announce a 300,000-Euro Blockchain Scholarship Fund

Malta, home to some of the most promising cryptocurrency and blockchain companies thanks to its relaxed framework, is now taking new strides in the world of distributed ledger technology. The Malta Information Technology Agency (MITA) and the University of Malta are now teaming up to create a 300,000-euro blockchain and distributed ledger technology (DLT) scholarship […] University of Malta and MITA Announce a 300,000-Euro Blockchain Scholarship Fund was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-30 19:49


Ôîòî:

Malta Passes Blockchain Bill to Confirm Itself as the Blockchain Island

The Parliament of Malta has passed three bills into law that establish a regulatory framework for blockchain technology, local news outlet Malta Today reported July 4. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. In May, the Transport Minister of Malta

2018-7-5 07:26


Malta’s Prime Minister Confirms The Approval Of The Three Crypto-Friendly Bills Later Today

The Prime minister of Malta Joseph Muscat, known to publicly express his interest in Cryptocurrency time and time again has in a press conference which took place on the 4th of June revealed that the three cryptocurrency bills aimed at creating a more Crypto-friendly environment for Blockchain and Cryptocurrency will eventually be approved by the […] The post Malta’s Prime Minister Confirms The Approval Of The Three Crypto-Friendly Bills Later Today appeared first on ZyCrypto.

2018-7-5 00:24


Ôîòî:

Malta Strives to Become Blockchain Island After Passing Favorable Cryptocurrency Laws

The Maltese Parliament has voted into law three cryptocurrency and blockchain bills, making Malta one of the most desirable locations for setting up blockchain enterprises. The bills-turned-law detail the regulation of ICOs and cryptocurrencies and the process for setting up crypto-based businesses in Malta. The news, which Schembri shared via a tweet, makes Malta the

2018-6-30 23:27


Ôîòî:

Malta Passes Trio of paid as Portion of ‘Blockchain Island’ Plan

Malta has taken a significant step toward becoming a “Blockchain Island.” Calling the news a “world first,” Schembri, who introduced all three bills to parliament, tweeted: The three bills –numbered 43, 44, 45 – are titled “The Innovative Technology Arrangements and Services Act,” “The Virtual Financial Assets Act,” and “The Malta Digital Innovation Authority Act,” respectively. With

2018-6-27 20:06


Ôîòî:

Malta’s parliamentary reading approves three blockchain

Malta approved three distributed ledger technology and crypto-related bills in their second reading in Parliament yesterday, June 26, according to legislative records from the plenary session. The approved bills include the Innovative Technology Arrangements and Services Bill, the Virtual Financial Assets Bill, and the Malta Digital Innovation Authority Bill. The first two bills provide for

2018-6-27 18:16


Ôîòî:

Secretive Maltese Envoy Visit Spooks London Crypto Scene

An elected member of the Government of Malta made a secretive visit to the UK capital to convince London-based blockchain companies to move to the Meditteranean nation. Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy & Innovation, came to London on Monday for an invite-only networking event held at the Maltese High Commission […] The post Secretive Maltese Envoy Visit Spooks London Crypto Scene appeared first on Crypto Briefing.

2018-6-23 18:29


Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Coinbase policy executive predicts fast crypto regulation under Trump

Coinbase chief policy officer Faryar Shirzad anticipates a rapid push for comprehensive crypto regulation once President-elect Donald Trump begins his new term, CNBC reported on Dec. 2. Shirzad expressed confidence that legislative efforts to regulate the crypto industry will progress “fairly quickly” through Congress under Trump’s leadership.