Malta’s unprecedented economic success is a result of a collective effort – the political will of decision makers but even more so the hard work of our enterprises, our workers and our resilient institutions.
We have a solid financial services sector and through innovative technologies we’ve vouched to enhance it even further. We are now leading the pack in emerging distributed ledger technologies (‘DLT’), amongst them Blockchain. This sector had been until now unregulated – with no peace of mind and serenity for both customers and businesses, with no checks and balances and no clear frameworks.
Over the last months, the Maltese Government has actively sought how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese Government has legislated three acts that will provide legal certainty to the space, involving DLT and digital financial products and services, such as virtual currencies and ICOs.
This environment has already attracted some of the world’s leading companies that operate in the cryptocurrency and Blockchain ecosystem towards Malta. Leading stakeholders are choosing Malta to host high-level international events, which will pave the way to further investment.
One such important event is the Malta Blockchain Summit taking place on the 1st and 2nd November 2018. I look forward to meeting you then and to strengthen our ongoing efforts in making Malta the Blockchain Island.
Hon. Joseph Muscat, Prime Minister of Malta