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RE: Malta Just Regulated Crypto, By Passing Three Major Laws About DLT (Distributed Ledger Technology)
I wonder what this will do to the market?
I mainly keep an Eye on BTC and STEEM these days but I could only imagine how this would effect everyone here in a direct way.
I see it as a positive too, but more likely to produce effects slowly, over a period of a few months. Laws in and by themselves are good, but from a business perspective we really need to see some real-life, positive examples of companies "making it big" on the island.
I couldn't agree more. Right now a lot of people want to know information and get themselves educated. The biggest down fall right now is the biggest ways to get the information they seek is to blindly jump into trading or mining and usually the initial investment is 100% risk. Those kinds of odds don't bode well for a lot of people and tend to give the industry a bad reputation.
What you said that: "we really need to see some real-life, positive examples of companies "making it big" on the island."
Personally, I think this would not only bring about the publicity that a lot of people are looking for but with a success story to back it there would be a lot more confidence coming from the general public. This would only mean more positive influence and over all growth.
The progression may be slow as you suggested but I could only imagine with bigger players having their interest peaked it would only be a matter of time before it exploded.