Coinvest Joins Leading Blockchain Companies in Move to Malta
In the past two years, the blockchain industry has made significant progress in adoption, popularity, and the number of supporting constituents (companies and countries) around the world. Companies such as Microsoft and Google have seen the potential of blockchain technology and have created dedicated teams to explore and develop solutions to advance their business. Meanwhile, national jurisdictions have taken notice and begun their own efforts to drive further innovation for their individual country. We at Coinvest, are committed to this innovation and are taking full advantage to create our place in the world’s next major revolution.
Risk always rewards the innovators that aren’t afraid to change the world. Unfortunately, the industry hasn’t been met with open arms across the globe. Given the level of openness and transparency blockchain technology employs, various nations have viewed cryptocurrencies as a threat to their economy while others are embracing it with open arms. Countries that actively support blockchain technology include, but are not limited to, Singapore, Switzerland, Estonia, Japan, UAE, and Malta. As a result, these trailblazers are actively experiencing a rebalancing of talent and companies relocating to each of their respective countries.
Our future depends on the support of legal jurisdictions that do not stifle innovation and encourage open, transparent markets — ones that aren’t afraid to redefine the world with new business models. While the United States is a haven for some of the largest companies in the world, we at Coinvest need to align with constituents that are pro-blockchain. As a startup, Coinvest has to efficiently use its resources to drive innovation and value. Therefore, to maximize resources, we need to minimize risk by removing all barriers (including legal) that can potentially disrupt our business.
In support of the leadership from Prime Minister — Joseph Muscat and Malta’s progressive stance on cryptocurrencies and blockchain technology, Coinvest is announcing the support and relocation of our business from the United States to Malta.
We intend to support the country with our corporate expertise and create hundreds of new jobs for the local economy. Our executive team is actively working with Silvio Schembri, the Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister of Malta to lead a new level of innovation for both blockchain technology and government itself. Through a collaboration with the Maltese government, we are exploring the creation of a blockchain technology council with the likes of other companies that have recently announced corporate support to Malta such as Binance, Monaco Card, and Tron. We’re proud to join the ranks of leading blockchain technology companies in aligning with Malta’s progressive stance, in the collective effort to create a new digital economy and grow the blockchain industry to new heights.
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