Silvio Schembri, the Junior Minister for Financial Services, Digital Economy, and Innovation has announced the launch of the government’s first official blockchain event. The Delta Summit will become Malta’s official blockchain event as it seeks to become the blockchain island.
Schembri said that the Delta Summit will serve as a platform to exhibit the work done so far within this sector. During a recent fireside chat, Schembri announced that 3 bills—the Malta Digital Innovation Authority Bill, the Virtual Financial Asset Bill, and the Innovation Technological Services Arrangements Bill—are now online and can be accessed.
“This puts Malta a step away from becoming the first world jurisdiction to regulate this sector”, said Schembri.
Tim Draper, the well known VC and crypto advocate, lauded the Maltese government’s efforts in this sector.
“This is my first time in the blockchain island. Congratulations for the early start and the big lead on other countries. By setting up the regulator you are putting Malta at the top of the list”, said Draper.
Malta Prime Minister Joseph Muscat invited all those in the blockchain industry and the digital world to be in Malta for the Delta Summit.
“We would like you to come and learn more about the country’s efforts in being trailblazers in this field”, said Prime Minister Joseph Muscat.
Malta has been working to build the world’s first regulatory framework to regulate technology arrangements and structures using blockchain. These efforts have resulted in the establishment of one of the world’s first authorities to regulate this space. Recently, several prominent blockchain based companies established operations in Malta due to its crypto friendly stance.
