Free VPS Trial, no credit card required
Learn More
NetShop logo

Home

Blog

First legal framework for blockchain in ...

First legal framework for blockchain in Malta

First legal framework for blockchain in Malta

Published on Fri Jan 19 2018

In the coming weeks Malta is launching the world’s first legal framework for the creation of a body to regulate Blockchain, Artificial Intelligence, and IOT devices.

Parliamentary Secretary Silvio Schembri announced at the Unlock Blockchain conference in Dubai that the government had worked closely with the industry to come up with a legal framework that satisfies the AML and KYC regulations, without stifling technology innovation.

BitMalta is the responsible alliance for this radical legal framework that is planned to be introduced in Malta.

“This new regulator will help those who wish to invest in this sector to operate within a legal structure and gain the trust of millions of potential customers all over the world who want to make use of new services related to blockchain technology,” he said.

Malta is also planning to cooperate with Dubai, working hand in hand on several projects for the use of blockchain technology in several sectors.

Share this article

Recent Posts

NetShop ISP will Showcase Forex VPS Solution at iFX EXPO Dubai 2021

NetShop ISP will Showcase Forex VPS Solution at iFX EXPO Dubai 2021

April 19, 2021

How to Secure your Website with FREE SSL

How to Secure your Website with FREE SSL

April 16, 2021

How to change your WordPress Website Domain

How to change your WordPress Website Domain

April 15, 2021

How to Upgrade Debian 9 to Debian 10 using CLI (command line)

How to Upgrade Debian 9 to Debian 10 using CLI (command line)

April 14, 2021

How to start trading Forex with low latency

How to start trading Forex with low latency

April 13, 2021