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

2018-6-27 20:06

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 the bills now passed, they are expected to help guide the Maltese government on how to better embrace blockchain and achieve its aim of becoming an international crypto business hub.
Bill 45, for example, will see the creation of the Malta Digital Innovation Authority, which will primarily be in charge of promoting and developing the blockchain industry in Malta, according to public documents.
The measures also provide for the regulation of initial coin offerings and set out the regulatory powers of the Digital Innovation Authority within the space.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »