The Malta Blockchain Summit last week lasted for 72 hours, but a whole year would not have been enough to experience everything properly.
Malta is friendly place generally and it is also one of the most welcoming international jurisdictions for cryptocurrency projects.
This showed, as Coinmate’s head of legal, Frantisek Vinopal, rubbed shoulders with an astonishing 8,500 attendees.
The Prime Minister of Malta, Joseph Muscat, is clearly a fan of Distributed Ledger Technology (DLT) and gave his support as a keynote speaker. He said that Malta will continue to support blockchain businesses for the foreseeable future, as shown by Malta’s recent Virtual Currency Act.
Here at Coinmate we hope that the EU will take note of the success that Malta’s approach has harvested.
“Anti-money laundering and know-your-customer legislation are important requirements to adhere to. But the risk of onerous control means that places like Malta continue to be magnets for innovative crypto businesses,” says Frantisek Vinopal, head of legal at Coinmate.
The swashbuckler, John Mcaffee, was also a very visible part of the event and shared his colourful opinions about his dislike for banking and the current world order.
Well, crypto is changing the world and our industry is expanding, as is next year’s Malta summit. We’ll see you there.