Malta moves three steps closer to provide a framework for crypto related businesses and associated peoples by approving three new bills in the cabinet on April 26, 2018.
1. Virtual Financial Assets Bill
2. Technology Arrangements and Services Bill
3. Malta Digital Innovation Authority Bill
The news was first published by a news agency called Malta Independent. They published that, Mr. Silvio Schembri, who is the Parliamentary Secretary for Financial Services, Digital Economy, and Innovation, stated that, "After the laws regarding blockchain, cryptos, and ICOs in Malta are enacted, the banks would become more open to working with companies that deal in cryptos because the industry will have transparency and legal certainty".
I strongly believe that Malta is pumping in some fresh new air into the crypto currency market for good. Even though the details of these bills are not yet available in the internet yet, but I believe it will provide the much needed oxygen in to the crypto market and bring back the credibility in ICOs operating from Malta. Good news indeed!
News source:
https://cryptocoin.news/news/altcoin/malta-approves-the-new-digital-currency-bill-11686/Let us know your view on this!