MALTA will be the next silicon valley of cryptocurrency the recent announcement of some big exchanges will setting up their office in Malta island,such as Binance,DQR,and OKEx..etc.The Maltese parliamentary secretary for Digital Innovation Silvio Schembri in his opening speech at the Malta Institute of Management cryptocurrency considerations for Management conference.The three cryptocurrency and blockchain bills will be passing in Maltese parliament,the bills are (1) The Virtual Financial Assets Act (VFA).This VFA deals with the regulation of initial coin offerings(ico).(2) The Malta Digital Innovation Authority Act (MDIA).This act to promote consistent principles for the development of visions,skills and other qualities relating to technology innovation,including distributed or decentralised technology and also setting up a governing body.(3) The Innovation Technology arrangements and Service Act.This bills concerns the regulation of designated innovation technology arrangements. These three bills will brings the Malta a safe heaven for cryptocurrency.
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