This tiny island nation of Malta sitting in the middle of the Mediterranean who a lot of us didn’t even know existed, suddenly came to the forefront when Binance, the biggest Cryptocurrency trading exchange by volume, decided to move its operations there. The blockchain island as it has popularly become known as has been on a rip ever since with a host of other blockchain-based businesses making it their home base.
Following in the footsteps of Binance, OKex and BitBay Crypto exchanges have set up operations in Malta as well. Soon after a Blockchain-based, equity fundraising platform Neufund also set up shop in the tiny blockchain island.
This was just the impetus the government of this European island nation needed as it started to work on forward-thinking lines to provide a Blockchain/Crypto friendly atmosphere to attract further investment. Let’s look at how Malta’s raced towards potentially becoming the Blockchain Capital of the World unfolded in the past few months.
- Binance announces to move its operations to Malta in March 2018, followed by OKex in April & BitBay in May. These were significant moves for not only these Crypto exchanges and Malta itself which quickly began working on providing a regulatory framework to provide a stable system which would ensure growth & Economic progress
- The Malta Gaming Authority…
