Blockchain Island Malta is one of the first few countries that have adopted blockchain completely and even have come up with its own regulations. The changes and inclination to develop blockchain as an industry in the country has encouraged many big names towards the island which includes Binance and OKEx. The latest to open its office in the rising crypto hub is ZBX.
In July 2018, the Maltese Parliament came out with a law setting a regulatory framework for distributed ledger technology (DLT)-based blockchain, digital assets, and cryptocurrency. In the months that followed, the Junior Minister for Financial Services, Digital Economy and Innovation of Malta, Silvio Schembri who was instrumental in implementing the Blockchain Strategy of Malta explained how the nation became world’s blockchain island.
All these developments indicate that the politicians in Malta have huge aspirations from blockchain technology even though it is one of the smallest countries in the world with a dense population.
Blockchain Island Malta is hosting the Malta Blockchain Summit on a massive scale which will be held on November 1 and 2 this year. The summit was in the pipeline since December of 2017 and will be attended by some of the big names in the space of venture capital (VC) and banks. According to Forbes, the event is taking place at St Julian’s InterContinental Hotel.
In the course of two days, the event will host four conferences. The event is expected to attract more than 500 world-class speakers, delegates, 300 exhibitors and thousands of investors and blockchain developers across the globe. The Prime Minister of Malta, Joseph Muscat recently uploaded a video on YouTube to invite all the developers and guests officially to the event.
In the video, the Prime Minister of Blockchain Island Malta explains that the economic success of his country has been stimulated by the enterprising business leaders as well as transparent regulations, Crypto Daily reported. He added, “Now we are charting the way forward in distributed ledger technology. Leading stakeholders are choosing Malta to host high-level international events, which will pave the way for further investment. One such event is the Malta Blockchain Summit…I look forward to meeting you then.”[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]