The Prime Minister of Malta Joseph Muscat has recently gained the fame as one of the most often quoted politicians in the European space due to his statements on the development of the digital industry and its regulation. He has already announced his positive attitude towards bitcoin and blockchain from the point of their ability to eliminate third party service providers, giving users more freedom over information and money.
Forbes writes about the “Massive Bitcoin Prediction” according to the statement of Malta Prime Minister Joseph Muscat in an address to the United Nations General Assembly, where he has expressed his belief that blockchain technology is the tool that will help digital currencies “inevitably” gain mass adoption and become the future of money.
“I passionately believe technology revolutionizes and improves systems,” said Muscat. “This is why in Malta, we have launched ourselves as the blockchain island.”
“By being the first jurisdiction worldwide to regulate this new technology that previously existed in a legal vacuum. Blockchain makes cryptocurrencies inevitable future of money. More transparent, it helps filter good business from bad business.”
“Emissions trading systems can be taken to the next level. We can help verify that humanitarian assistance is reaching its intended destination. We can make sure that nobody is deprived of their legitimate property because of compromised data.”
E&S has already written about the progressive attitude of the Maltese authorities towards blockchain and the interpreters operating within this space, coming up with the regulation on the 1st of November.
Operating in Malta, E&S Group adheres to the Maltese laws with regards to ICOs, cryptocurrency exchanges and tokenomics. If you require further information contact us by sending an email on firstname.lastname@example.org. We make things happen!