How Malta wants to become the world’s first blockchain-regulated state

Welcome to Blockchain Island

Cryptocurrencies and new crowdfunding models based on Distributed Ledger Technologies (DLTs) promise faster startup financing for social projects and less corruption. However, the crypto community is still very small and operates in legal gray areas. Consumers are rather deterred because the lack of regulation of the new market opens the door to criminals. Malta, one of the smallest European countries, wants to change that now with clearly established regulatory frameworks for DLTs, Initial Coin Offerings (ICOs) and virtual currencies. We met Steve Tendon on Malta for more details.