Malta's Government is Developing a National Blockchain Strategy

Pinterest

Malta’s government is reportedly on the cusp of embracing blockchain through the adoption of a national strategy focused on the tech.

Malta Today reports that Prime Minister Joseph Muscat, during a speech this week, said that Malta’s Cabinet had approved the first draft of a “national strategy to promote blockchain”, though what the particulars of that policy may be remains to be seen. Muscat, the paper said, is planning to release the strategy for public comment in the near future.

He did, however, suggest that Malta might look to apply the tech to its land registry process – a concept other governments have begun embracing. Muscat also indicated that Malta’s health industry may also utilize blockchain.

The prime minister went on to say:

“This is not just about bitcoin, and I also look forward to seeing blockchain technology implemented in the Lands Registry and the national health registries. Malta can be a global trail-blazer in this regard.”

A strong endorsement from Malta wouldn’t be that surprising, given past comments from Muscat himself. In late February, when addressing a conference in Brussels, Muscat called on EU leaders to embrace cryptocurrencies and support accommodative regulatory approaches to the tech.

According to Malta Today, Muscat returned to that point during his speech, saying that the EU shouldn’t shy away from taking an early – and positive – stance on cryptocurrencies.

“We must be on the frontline in embracing this crucial innovation, and we cannot just wait for others to take action and copy them,” said Muscat. “We must be the ones that others copy.”

Image via Wikimedia

legislationMaltaRegulation

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Comments

comments

Filed in: Bitcoin Buzz Tags: ,

You might like:

Electronics Giant LG is Testing R3's Distributed Ledger Software Electronics Giant LG is Testing R3's Distributed Ledger Software
Celebrity Investor Mark Cuban is About to Participate in His First ICO Celebrity Investor Mark Cuban is About to Participate in His First ICO
Ether Rebounds As Price Rises Back Above $300 Ether Rebounds As Price Rises Back Above $300
Daimler AG Issues €100 Million Corporate Bond in Blockchain Trial Daimler AG Issues €100 Million Corporate Bond in Blockchain Trial
Europe's Second Largest Port Launches Blockchain Logistics Pilot Europe's Second Largest Port Launches Blockchain Logistics Pilot
Pantera Capital to Raise $100 Million in Investment for ICO Hedge Fund Pantera Capital to Raise $100 Million in Investment for ICO Hedge Fund
Blockchain Startup ChromaWay to Launch 'Hybrid Database' Product Blockchain Startup ChromaWay to Launch 'Hybrid Database' Product
CFTC Chief Asks Congress for More Money to Oversee Blockchain CFTC Chief Asks Congress for More Money to Oversee Blockchain
© 2017 Virtual Mining Bitcoin News. All rights reserved. XHTML / CSS Valid.
Email
Print