Many cryptocurrency companies have relocated or plan to move to Malta

photo taken from wikimedia.org

According to the latest news, March 25 morning, Prime Minister of Malta delivered a speech on the political rally held in Majia Ba announced that the Government is working with a number of potential encryption monetary negotiations investors, these encryption currency investments People want to relocate their businesses to the country. The Prime Minister stated that the government will hold a series of meetings with these investors in the coming weeks and months.

Muscat reiterated the country's encryption currency market needs a strong regulatory framework, he declared that the government was ready to take the first step in the regulation of the market. He also said that the cryptocurrency companies that joined the country were not tax incentives because they believed that the government could establish a proper regulatory framework for the market.

According to earlier news on March 23, the largest trading volume encryption currency trading platform Binance we want to open an office in Malta.

On February 23, the Prime Minister of Malta, Joseph Muscat, said at the European Policy Research Center (CEPS) at the Brussels-Ideas Lab that the governments of the European Union should double their exploration of the technology, according to the local Malta. The media, this technology is slowly playing a role in the European financial institutions.

Muscat's remarks are in the context of revitalizing the EU. The EU has faced increasing socio-economic pressures in recent years. He also suggested that EU leaders create a fiscal mechanism to invest in areas where there is a tendency to leave the EU, as was the case with the so-called "Brexit" vote in Britain last year.

Although he said before his speech that he advocated the idea of ​​"completely crazy," Muscat thinks that "accelerating the rise of money can be slowed, but it cannot stop."

He continued to inform the participants of the event:
"My point is that European regulators should embrace innovation and create mechanisms to regulate cryptocurrency in order to use its potential and better protect consumers while making Europe a natural home for innovators."

Among the European companies that tested the technology, including the main stock exchange in Malta, an internal “Blockchain Committee” was formed in December to discuss how the exchange used this technology.

The Exchange also expressed its intention to establish a domestic blockchain alliance in Malta with the aim of laying the foundation for new application development.