Malta, the small Mediterranean state, intends to become the world's blockchain capital. Its officials are sure in the great future of digital money.
As Malta Prime Minister Joseph Muscat has declared, cryptocurrencies would become unavoidable future of money system. According to his words, virtual money will be the basis of future global economy. The officials of Malta also see the advantages of cryptocurrencies. In the nearest future the largest crypto currency exchange Binance is planning to change the place of location and to move to Malta from Hong Kong. Joseph Muscat has approved this decision and declared about the plans of Malta to become world leader in regulating enterprises on the blockchain basis and jurisdiction for financial and technical worldclass companies.
At the moment Malta is an attractive place for crypto currency exchanges and companies. The reasons for it are clear and attractive rules and laws which provide legal certainty in a sphere not currently regulated. Besides, Malta offers a profitable level of tax of up to 5% for international companies. The news about Binance moving to Malta impacted the entire market of cryptocurrencies. OKEX exchange, the German blockchain-company Neufund and the cryptocurrency-oriented gaming platform Abyss are thinking over the same perspectives.