Malta becoming the leading hub for cryptocurrency
Malta is quickly becoming the leading hub for cryptocurrency, not only in the Mediterranean but across Europe and the world. Boasting an amiable policy for cryptocurrency exchanges, and a focus on establishing the Malta Digital Innovation Authority to regulate blockchain companies, Malta is the ideal country for the Fintech sector to bloom. According to Finance Malta, relationships are forming between the MFSA and electronic currency companies to provide the growing number of bitcoin users a stable groundwork of regulation and expansion .
Financial innovators in the booming Maltese markets are using this foundation to solidify Malta at the center of cryptocurrency. Bloomberg Markets announced that Binance plans to make a foothold in Malta, thanks to the countries compatibility with cryptocurrency exchanges and companies .
As the technology understanding of these currencies solidifies as a regulated form of trade and currency, volatility will surely dissipate. And armed with this vastly growing interest in financial technology, cryptocurrency is poised to become the norm. Malta is already a step ahead of the pack, with government backing and increasing efforts to open the country to the emerging crypt-exchanges.
Prime Minister Muscat tweeted his support of financial technology in Malta, saying “We aim to be the global trailblazers…and choice for world class Fintech companies” .
The prime minister’s endorsement of crypto-exchanges has put Malta on the map as the place to be for Fintech companies and Malta is apt to become the meeting ground for crypto currencies. Equipped with an attractive geological closeness, a booming financial sector and support from government authorities, Malta is certainly becoming the nucleus of cryptocurrency.
 Finance Malta, ‘Malta Digital Innovation Authority Unveiled’
 Yuji Nakamura, Bloomberg Markets, ‘World’s biggest cryptocurrency exchange is heading to Malta’, 3/23/18
 Joseph Muscat, Twitter, 3/23/18