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Circle announced today that it will be expanding its regulated services to Bermuda, using its new position in the island nation to service its global audience. Circle cited Bermuda’s pro-crypto regulatory environment as a primary motivation for expanding to the island nation. According to the announcement: “While many governments around the world have not kept […]
The post Circle Expands to Bermuda, Praises Pro-Crypto Island Government appeared first on CCN Markets
On June 2nd, BORA (CEO Cindy Lee) announced the soft launch of their BORA Island service. BORA Island is a digital content blockchain platform available to everyone, along with wallet functions for managing and trading digital assets. With the soft launch of BORA Island, three games from their official partner UNIT5 – Push Sushi, Find […]
The post WAY2BIT Announcing the Soft Launch of the ‘BORA Island’ Digital Content and Wallet Platform appeared first on CCN Markets
Malta. The Blockchain Island. A postage-stamp-sized nation nestled in the Mediterranean famous for its rocky coastline, Baroque cathedrals, Megalithic temples, and centuries of culture. It’s a veritable mishmash of graying British expats, luxurious hotels, exotic women, cars that drive on the left, and a host of other legacies left by the various civilizations that invaded … Continued
The post Malta: Does Europe’s ‘Blockchain Island’ Really Live up to the Hype? appeared first on CCN
After the successful DELTA Summit in October, the Government of Malta has endorsed another major blockchain event in an effort to solidify its growing reputation as a technology hub.
The Malta Blockchain Summit is scheduled for the 1st and 2nd of November. Hosted at three hotels spread across St. Julian’s, the event is expected to attract over 5000 delegates, world-class speakers, 300 exhibitors and thousands of blockchain developers and investors from across the world.
Prime Minister Joseph Muscat classified Malta’s efforts to become a crypto and blockchain-friendly jurisdiction as a “calculated risk.” So far, work by authorities to turn Malta into a world leader for both industries looks to be paying off.
A variety of nations across the world have spent time investigating how they can control and manage the spread of blockchain and cryptocurrency.
Malta has been moving in an encouraging direction for a while now.
A number of prominent exchanges, namely OKEx and Binance, have moved to the tiny Mediterranean nation. The Maltese Parliament was hard at work over the summer approving legislation concerning crypto and blockchain.
Another day passes by and although August is a traditionally slow month in the business and finance circles, Malta does not seem to be resting on its laurels at all. After several announcements regarding cryptocurrency exchanges and crypto banks, we now have the announcement coming that ZB.com, the world’s fith-largest cryptocurrency exchange by daily trading
The post Another Top-5 Cryptocurrency Exchange Plots Move to Malta’s ‘Blockchain Island’ appeared first on CCN
In recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Korea’s Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual Retirement Accounts that offer exposure to ICOs and cryptocurrencies.
Also Read: Markets Update: Bloody Crypto-Markets Suffer More Losses
The European Parliament’s Committee on Economic and Monetary Affairs has published a draft report proposing that initial coin offerings become regulated under crowdfunding legislation.
The Maltese Parliament has voted into law three cryptocurrency and blockchain bills, making Malta one of the most desirable locations for setting up blockchain enterprises.
According to legislative records, the bills, which were introduced to the parliament by Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri, were passed unanimously on Tuesday, June 26, 2018.
The bills-turned-law detail the regulation of ICOs and cryptocurrencies and the process for setting up crypto-based businesses in Malta. The news, which Schembri shared via a tweet, makes Malta the first country to enact such laws.
The world’s largest cryptocurrency has found a new home on one of the world’s smallest island states. Prime Minister Joseph Muscat warmly welcomed the cryptocurrency platform and spoke of his desire for Malta to become “global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies”. Colleagues joined him in welcoming Binance and spoke of a desire for Malta to become known as “the blockchain island”.
Also read: Zhao Dong Recounts How He Lost 9,000 BTC
