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Abyss blockchain
Publish: 2021-05-24 17:10:50
1. As the world's two largest cryptocurrency exchanges, coin an and okex, plan to choose Europe's Malta as their operation center, analysts predict that other exchanges will follow
the Maltese cabinet has just approved three more bills at the end of April, one of which is the "virtual financial assets act", which provides a regulatory framework for cryptocurrency and ICO
as the smallest EU member, Maltese Government officials hope to increase its wealth by making this Mediterranean island country one of the most cryptocurrency friendly regions in the world. The move has attracted the attention of regulators in other countries
why is Malta attractive to the encryption world
at a time when countries around the world are worried about cryptocurrency and even crack down on the development of cryptocurrency business, Malta is making rules so that exchange owners and users can see the certainty of the future
these rules cover how brokers, exchanges, asset managers and traders should operate and will become a set of rules and regulations for the instry. "The proposed framework will provide legal certainty in the currently unregulated space," the Maltese Government said in a consultation paper
the country's tax policy allows international companies on the island to pay a tax rate as low as 5%
what will be the reward for Malta
Prime Minister Joseph Muskat of Malta said that he believed that cryptocurrency was "the inevitable future of money" and would become the foundation of the new economy in the future. Even in the short term, the arrival of cryptocurrency companies will bring employment opportunities and promote economic development
previously, coin an, the world's largest crypto exchange, said that after the company moved from Hong Kong to Malta, it would eventually "employ as many as 200 people" in the country
What does this mean for cryptocurrency investors
as the whole cryptocurrency instry is plagued by fraud, hacker attacks and regulatory attacks, transparent laws and legal certainty will have a positive impact on the instry
however, investors in cryptocurrency should also be careful. The recent economic achievements of Malta still cannot cover up some problems in the country, such as corruption and money laundering scandals, including the tragic killing of a journalist who wrote a report on the alleged corruption of a senior government official. Some EU members questioned the rule of law in Malta
How do Maltese rules compare with EU rules
the EU is studying the regulation of cryptocurrency, but no details have been released so far. This gives Malta the opportunity to take the lead in developing its own framework. If the EU formulates a more stringent regulatory framework on cryptocurrency, which coordinates multiple opinions, it may mean that Maltese can no longer maintain its loose policy
What does the great leap forward of Malta mean for the centers of other cryptocurrencies
Malta is trying to pull the world encryption trading center to the West. Japan, South Korea and Hong Kong have held exchange activities for many times, and Asian investors are an important force in global crypto trading. Last year, the Chinese government strictly suppressed cryptocurrency trading activities, while Japan adopted a friendly stance towards cryptocurrency. Although the Japanese authorities are still open to digital currencies, they have stepped up their scrutiny of transactions. If more cryptocurrency exchanges flock to Malta, regulatory uncertainty in South Korea and Hong Kong could put them at a disadvantage
in Europe, Maltese may face competition from Switzerland, another low tax country. The SFMA said it would monitor some of the ICO activities and launched a "crypto Valley" in Zug
from the Internet
are other companies exploring opportunities in Malta
Yes, more and more companies are looking at opportunities in Malta after coin an will announce its move to Malta. In addition to coin and okex, neufnd, a Berlin based blockchain company, and the abyss, a blockchain game platform, have announced that they will set up offices. In March, sun Yuchen, founder of BoChang, also said that he was "seriously considering" investing and setting up an operation center in Malta.
the Maltese cabinet has just approved three more bills at the end of April, one of which is the "virtual financial assets act", which provides a regulatory framework for cryptocurrency and ICO
as the smallest EU member, Maltese Government officials hope to increase its wealth by making this Mediterranean island country one of the most cryptocurrency friendly regions in the world. The move has attracted the attention of regulators in other countries
why is Malta attractive to the encryption world
at a time when countries around the world are worried about cryptocurrency and even crack down on the development of cryptocurrency business, Malta is making rules so that exchange owners and users can see the certainty of the future
these rules cover how brokers, exchanges, asset managers and traders should operate and will become a set of rules and regulations for the instry. "The proposed framework will provide legal certainty in the currently unregulated space," the Maltese Government said in a consultation paper
the country's tax policy allows international companies on the island to pay a tax rate as low as 5%
what will be the reward for Malta
Prime Minister Joseph Muskat of Malta said that he believed that cryptocurrency was "the inevitable future of money" and would become the foundation of the new economy in the future. Even in the short term, the arrival of cryptocurrency companies will bring employment opportunities and promote economic development
previously, coin an, the world's largest crypto exchange, said that after the company moved from Hong Kong to Malta, it would eventually "employ as many as 200 people" in the country
What does this mean for cryptocurrency investors
as the whole cryptocurrency instry is plagued by fraud, hacker attacks and regulatory attacks, transparent laws and legal certainty will have a positive impact on the instry
however, investors in cryptocurrency should also be careful. The recent economic achievements of Malta still cannot cover up some problems in the country, such as corruption and money laundering scandals, including the tragic killing of a journalist who wrote a report on the alleged corruption of a senior government official. Some EU members questioned the rule of law in Malta
How do Maltese rules compare with EU rules
the EU is studying the regulation of cryptocurrency, but no details have been released so far. This gives Malta the opportunity to take the lead in developing its own framework. If the EU formulates a more stringent regulatory framework on cryptocurrency, which coordinates multiple opinions, it may mean that Maltese can no longer maintain its loose policy
What does the great leap forward of Malta mean for the centers of other cryptocurrencies
Malta is trying to pull the world encryption trading center to the West. Japan, South Korea and Hong Kong have held exchange activities for many times, and Asian investors are an important force in global crypto trading. Last year, the Chinese government strictly suppressed cryptocurrency trading activities, while Japan adopted a friendly stance towards cryptocurrency. Although the Japanese authorities are still open to digital currencies, they have stepped up their scrutiny of transactions. If more cryptocurrency exchanges flock to Malta, regulatory uncertainty in South Korea and Hong Kong could put them at a disadvantage
in Europe, Maltese may face competition from Switzerland, another low tax country. The SFMA said it would monitor some of the ICO activities and launched a "crypto Valley" in Zug
from the Internet
are other companies exploring opportunities in Malta
Yes, more and more companies are looking at opportunities in Malta after coin an will announce its move to Malta. In addition to coin and okex, neufnd, a Berlin based blockchain company, and the abyss, a blockchain game platform, have announced that they will set up offices. In March, sun Yuchen, founder of BoChang, also said that he was "seriously considering" investing and setting up an operation center in Malta.
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