The Maltese Parliament has officially passed three bills into law that will set a regulatory framework for cryptocurrency, blockchain, and DLT. These bills are set to make Malta an early pioneer in economic innovation in this industry. Malta is also set to become the ‘Blockchain Island’ as it has earned a reputation for its innovation in the Blockchain and Disruptive Ledger Technologies space.
During today’s press conference organised by Stasis, Malta’s Prime Minister Dr Joseph Muscat confirmed that the parliament will be approving the three cryptocurrency bills. This comes just a few hours before today’s third and final reading of the three bills that are set to make Malta a Blockchain island.
Today’s final reading comes a week after the Maltese Parliament passed the second reading of three bills that covers the regulation of initial coin offerings (ICOs), and the guidelines for cryptocurrency exchange operators looking to establish a presence in Malta and the broader regulation of the cryptocurrency and blockchain sector.