Malta’s cabinet has approved of three separate bills relating to blockchain technology and cryptocurrency, including measures that would introduce a framework for regulating cryptocurrencies and initial coin offerings (ICOs).
The 3 bills were presented to Malta’s Parliament for first reading on Tuesday. The next stage would involve a debate between both sides of the House before these bills are passed into law, the report explained. Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, “strongly believes” that:
“Once new laws surrounding blockchain technology and cryptocurrency are enacted in Malta, banks would be less reluctant to welcome companies working in the industry, presumably due to the legal certainty it would provide.”
Also read: “../malta-now-hot-spot-cryptocurrencies/” target=”_blank” rel=”noopener noreferrer” style=”color: #0c71c3″>Here’s Why Malta is Now The Hot Spot For Cryptocurrencies!
KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.