Malta has remaining its reputation as ‘Blockchain Island’ with a new approach to cryptocurrency and blockchain based mechanism for its services and operations.
Waves, a decentralized cryptocurrency platform offering a total ecosystem for blockchain developers, discussed about possible plans for the use of Waves to the government and corporate sectors with the prime minister of Malta, Joseph Muscat. The founder and CEO of the Waves, Sasha Ivanov, participated in the meeting with government officials and other related parties to share ideas such as healthcare, land registry, voting and others with the proposal of applying Waves to tokenize financial assets. There were several other meetings under the same topic.
The government and related companies are putting efforts to proceed by continuing discussions until they reach to the final accreditation. Dr. Joseph F. Borg from WH Partners stated that Waves is eye-opening project with a huge potential and advantages. He added, “We are looking forward to this accreditation and are ready to begin with Malta’s legal experts to bring up the blockchain solutions.”
Furthermore, the prime minister Muscat mentioned that Malta has put a lot of efforts to become a major hub of the digital economy. The Maltese government has passed three acts to assure legal certainty to this space, including DLT and digital financial products and services like ICOs and virtual currencies. Silvio Schembri, the junior minister, commented that Malta has put a lot of efforts to leading the market and Waves platform project is very exciting development. As a positive look, Waves has increased its value recently regardless of the downfall situation in cryptocurrency market.
Author: Jieun Lee