Malta, The ‘Blockchain Island’, Pivots Toward AI Development

Blockchain, News, Regulation | November 18, 2018 By:

Malta, the little island that is part of the European Union, has managed to become the headquarters of several companies in the crypto world. With attractive legislation, officials especially dedicated to promoting technology and a convenient tax regime, large players of the crypto ecosystem have already settled on this small island in the Mediterranean.

Now they are going for more. Attracting artificial intelligence is the next goal.

November 1 marked another historic day for Malta. The three laws of distributed ledger technology officially came into effect, providing a holistic regulatory framework within the crypto and blockchain space. What this means is that the newly created Malta Digital Innovation Authority (MDIA) and the Malta Financial Services Authority (MFSA) can now start receiving license applications from those interested in operating in Malta.