Malta Enacts Crypto Bills

The parliament of Malta has given the final approval on Wednesday evening for three bills meant to create a welcoming regulatory framework for crypto ventures. The bills now enacted into law are the Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. The European island-nation has already been able to attract a number of players in the field thanks to the promise of these bills, including the exchanges of Binance, Okex and Bitbay.

“Through innovation, Malta is fast becoming a pioneer in economic innovation in order to strengthen its economy through the creation of a new economic niche. This is resulting in other bigger countries following the footsteps that Malta took in this field,” the Digital Economy secretariat stated.