Parliament Will Pass Three Cryptocurrency Bills – Malta PM Confirms
Malta is really trying to establish itself as the world’s friendliest jurisdiction for cryptocurrency firms.
Malta’s prime minister Joseph Muscat in a press conference today confirmed the parliament will favor and approve three cryptocurrency bills designed to embrace the blockchain sector. The Mediterranean island nation’s prime minister revealed the bills will pass the third and final reading on Wednesday’s evening session to become law.
Speaking exclusively to CCN, the Parliamentary Secretary for Digital innovation and Finance Silvio Schembri stated:
“This is the last stage of the legislation that will put Malta on the international map for blockchain and crypto regulation. There is political consensus on this roadmap and we are foreseeing that this area will be the mainstay of our economic growth for the next 4-5 years”.
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Today’s final reading comes a week after the Maltese Parliament passed the second reading of three bills that covers the regulation of initial coin offerings (ICOs), guidelines for cryptocurrency exchange operators looking to establish a presence in Malta and the broader regulation of the cryptocurrency and blockchain sector.