Prime Minister of Malta on blockchain and the 'inevitable future of money'

30 Sep, 2018
by Arthur Sillers
News
Prime Minister of Malta on blockchain and the 'inevitable future of money'

During the ongoing general debate of the 73rd Session of the General Assembly of the UN, the Prime Minister of Malta today made an address which makes clear his optimistic position on embracing crypto, stating that blockchain makes cryptocurrency the ‘inevitable future of money.’

 The Prime Minister Joseph Muscat painted a picture of the future where blockchain lends transparency, data security, and efficiency not only to finance, but to healthcare records and humanitarian work as well.

Malta has long been friendly with crypto innovators, and recently has courted the attention of Binance, who opened (http://www.chepicap.com/en/news/3589/malta-stock-exchange-to-launch-platform-for-security-token-trading-with-binance.html ) a crypto exchange launched on the Malta Stock Exchange. The PM outright described Malta as a ‘blockchain island’

The speech was met favorably by the UN, and if anything is a step towards globalized blockchain regulation and adoption and indicates Malta will stay steady on its path to expand crypto involvement, and spearhead domestic crypto legislation.

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