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Monday, May 1, 2017

Malta Approves National Strategy Draft to Embrace Bitcoin

Malta Approves National Strategy Draft to Embrace Bitcoin

Malta’s prime minister Joseph Muscat reportedly announced that the first draft of a national strategy to promote Bitcoin and blockchain technology has been approved by the Cabinet, according to Malta Today.

At a conference organized by the parliament’s Economic and Financial Affairs Committee, Muscat expressed that Malta will become one of the first countries in the world to embrace Bitcoin and its technology.

“I understand that regulators are wary of this technology but the fact is that it’s coming,” he noted. Promising that the strategy will soon be published for public consultation, he said:

"We must be on the frontline in embracing blockchain and Bitcoin…we must be the ones that others copy."

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