Analysis: Malta’s Blockchain Island Plans Overshadowed by EU Investigation

[kreslik.news]

Malta, the Mediterranean island of less than half a million people, will soon become the first member of the European Union to enact a full set of laws governing blockchain businesses.

However, what should be a positive development for the cryptocurrency industry is somewhat marred by ongoing investigations into widespread corruption and possible clashes with EU law.

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The three laws

The three blockchain laws, originally published in May, are as follows:

The Innovative Technology Arrangements and Services Bill concerns the regulation of “designated innovative technology arrangements”. It is the mechanism by which cryptocurrency ... (read more)