{"id":22250,"date":"2018-04-18T18:31:42","date_gmt":"2018-04-18T18:31:42","guid":{"rendered":"http:\/\/ci027cfe78a00326c3"},"modified":"2018-04-18T18:31:42","modified_gmt":"2018-04-18T18:31:42","slug":"blockchain-friendly-malta-attracts-another-blockchain-company","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/blockchain-friendly-malta-attracts-another-blockchain-company","title":{"rendered":"Blockchain-Friendly Malta Attracts Another Blockchain Company"},"content":{"rendered":"
<\/div>
<\/figure>\n

Blockchain-based, equity fundraising platform Neufund<\/a>, whose technology allows tokenization of shares and fundraising on the blockchain, is announcing<\/a> that it will establish a strong presence in Malta and support Malta\u2019s rapidly expanding blockchain ecosystem.<\/p>\n

Neufund, a startup headquartered in Berlin, is the latest of many blockchain companies that have established a presence in the Mediterranean island nation, attracted by the promise of crypto-friendly regulations. Last week, cryptocurrency exchange OKEx announced<\/a> that it is expanding its operations to Malta. In late March, Binance, the largest cryptocurrency exchange by trading volume, also announced plans to move operations<\/a> to the cryptocurrency-friendly EU member state.<\/p>\n

\u201c[Virtual currencies] will form the base of a new economy in the future,\u201d said Joseph Muscat, Prime Minister of Malta, in a recent speech<\/a>. <\/p>\n

\u201cThere is huge interest in the blockchain industry from all across the globe and it has the potential to be even more beneficial to the Maltese economy than igaming,\u201d said<\/a> digital economy parliamentary secretary Silvio Schembri. <\/p>\n

An authority called the Malta Digital Innovation Authority<\/a> (MDIA) will be created to regulate companies that operate on blockchains and to promote Malta as a destination for these companies.<\/p>\n

Malta is not the first European nation to promote itself as a blockchain haven and try to attract capital and talent with crypto-friendly regulations, but the fact that Malta is a member of the EU could make it more appealing than, for example, Switzerland\u2019s \u201cCrypto Valley<\/a>.\u201d<\/p>\n

\u201cLooking at Malta\u2019s vision and progress in creating a complete blockchain ecosystem, we have decided to engage our know-how and offer support in building the blockchain future of this progressive thinking EU member state,\u201d says Zoe Adamovicz, CEO and co-founder of Neufund. \u201cTogether with Malta\u2019s Government, we want to kick-start the creation of crypto-friendly laws with Malta\u2019s DLT [Distributed Ledger Technology] framework initiative already serving as a great foundation.\u201d<\/p>\n

\u201cWe are impressed by the deep understanding and openness shown by Malta\u2019s Government that serves as a great example to regulators all over the world being a live example that actions and official statements speak louder than words,\u201d added Adamovicz.<\/p>\n

Schembri added that stable and integrated markets require the long-term vision of sustainable and inclusive growth, and Neufund shares Malta\u2019s view on how to create an ideal ecosystem for investments. \u201cWe are pleased to be accompanied by companies such as Neufund in becoming the [blockchain island],\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Neufund is the latest of many blockchain companies that have established a presence in Malta, attracted by the promise of cryptocurrency-friendly regulations.<\/p>\n","protected":false},"author":3509,"featured_media":22251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3317,1440,468],"class_list":{"0":"post-22250","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-malta","9":"tag-startup","10":"tag-trading"},"author_data":{"id":3509,"name":"Giulio Prisco","nicename":"giulio-prisco","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/2d091b908741b627d89036dd43748bb5c5edcfe9f805501703e2c3af34dadfca?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/blockchain-friendly-malta-attracts-another-blockchain-company.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/22250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3509"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=22250"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/22250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/22251"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=22250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=22250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=22250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}