The Malta Gaming Authority (MGA) has launched the Sandbox Framework for acceptance of Virtual Financial Assets (VFA) and the use of Distributed Ledger Technology (DLT) within the Gaming Industry.
With an anticipated 5,000 delegates and 222 speakers covering the world-changing applications of blockchain technology, this expo will light up the Intercontinental with technology minded businesses and entrepreneurs.Further topics covered by the speakers include AI, Big Data, Quantum Technology and IoT. Representation from the Maltese Government and major blockchain and cryptocurrency companies include;
To maintain its place at the forefront of the cryptocurrency sector, the University of Malta is to provide a €300,000 scholarship fund for students of blockchain and distributed ledger technology.The fund will start this year and will be split over three years to support students who will specialise in ICT, law, finance and engineering.
In recent times, start-up businesses have drastically changed the way they acquire capital for their new ventures. Nowadays, it is possible for businesses to take their forward thinking ideas to the masses and raise capital from a much bigger pool of potential investors.
Modern day entrepreneurs have creative ways of raising money like crowdfunding, which is steadily gaining dominance. ICOs operate under similar principles in that investors are offered shares in a currency that is still in development. In exchange, they contribute the more popular digital currency such as Ethereum and Bitcoin. Fiat currency like the Euro and USD can also be used.
Malta asset-backed tokens are among the best uses of blockchain technology to real-world assets, increasing liquidity and price consciousness for illiquid assets, with the possibility of freeing up trillions.
The conference was opened by Parliamentary Secretary, Silvio Schembri who expressed the opinion that the Maltese Government was planning to launch a new Digital Innovation Authority Bill (DIA) which will operate as the only regulator for ‘Innovative Digital Technology’. The Technology Arrangements and Services Bill (referred to henceforth as TAS) was also mentioned by Dr Schembri, as was the keenly anticipated Virtual Currency Act. The triumvirate of bills will form the foundation of the Maltese Blockchain and Cryptocurrency Regulation.
Until relatively recently, the tiny island nation of Malta was perhaps best known as a favourite holiday destination for many a European tourist. In fact, this Mediterranean hotspot is still said to host three times as many tourists as actual Maltese residents at any one time. However, while the hotels and beaches are still bursting at the seams with sun-seekers, Malta’s economy has been steadily diversifying and expanding in interesting new directions. One such direction has been a movement into the digital realm, with Malta becoming a pioneering player in this respect. As attention on cryptocurrencies increases so has the discussion surrounding regulation. As such, cryptocurrency regulations in Malta are a hot topic.
Modern day entrepreneurs have creative ways of raising money like crowdfunding, which is steadily gaining dominance. ICOs operate under similar principles in that investors are offered shares in a currency that is still in development. In exchange, they contribute the more popular digital currency such as Ethereum and Bitcoin. Fiat currency like the Euro and USD can also be used.
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Co-founder of Apple, Steve Wozniak, has had an eye on Malta for decades and chose the Island as a jurisdiction to launch a new blockchain based energy savings firm. The company is called EFFORCE and sets out to assist people to save money on energy through the use of blockchain technology, in addition to preserving the environment.Wozniak stated that the blockchain technology can reduce energy consumption without changing consumer habits. The technology is also more secure compared to the use of standard servers.
When you think of Malta, what comes to mind? Is it the mysterious history of the Knights Templar, the bright blue of the Mediterranean sea, or the picturesque island landscape with its beaches and garigue land? It's a reasonable guess that you're not thinking of the world of finance. Yet Malta is a rising star in the high-tech finance firmament. Malta has become a major nexus for the new technologies shaking up the financial world: cryptocurrencies and the blockchain technology on which they're based.
Raise capital for your venture by registering an ICO. Let us guide you through the entire process from assessing your tokenomic model, creating smart contracts, legal document requirements, marketing and tax planning.
Let us guide you through launching your STO and help you getting started with issuing security tokens backed by a real world assets. Digitize your business by using the blockchain to raise capital for your business.
A cryptocurrency exchange has the toughest requirements from the VFA services regulated in Malta. When holding clients money, VFA’s and cryptographic keys the regulation takes great care of protecting users. Let us guide you through the complete registration of registering your cryptocurrency exchange.
The VFA agent is central in conducting crypto and blockchain related business in Malta. The agent is the bridge between your business and the authorities. Our experience as VFA agent will guide you through the fit and proper tests, financial instruments tests and ensure your business remains compliant.
Contact us via telephone or fill out the form below to discuss your blockchain and crypto needs.
