Bitcoin Forum

Malta has established itself as blockchain leader, as in February they announced their vision "Malta - A Leader in DLT Regulation". This announcement was well received from well-established organisations in the crypto industry. In fact Binance and OKEx announced that they have decided to operate from Malta and already in recruitment process. Another important partnership is with Poseidon Foundation, non-profit organisation committed to use blockchain to offsetting carbon footprint emissions. Do you think other countries should follow Malta's lead?

Before Malta there already has been Bielorussia which has made laws very favourable for blockchain related projects, and in Switzerland the same has done the Zug county.

It would be good if you include some more information, can't understand exactly what happened but I'll check it tomorrow. By the way I am amazed why isn't here Bitfury? Their major aim is to develop blockchain technologies and they actively work with Georgia to integrate it on as many services as possible like for example land titling. Well that information is great anyway, blockchain is future and extra layer of protection on every information.

It is the political decision that controls the economic mood of the countries. Malta is now trying to gain from the recent successes of blockchain "Distributed ledger [DLT]" by offering incentives to platforms to work in those countries and then taxing them.
Sometimes motivation is to support new technologies as do some governments such as the Dubai government.
In general, the voices that link blockchain with black activities have declined, so I expect more of these decisions.

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Remember adding news sources:

Malta - A Leader in DLT Regulation (http://www.independent.com.mt/articles/2018-02-19/newspaper-opinions/Malta-A-leader-in-DLT-regulation-6736185010)
Binance Exchange Backs First-Ever Decentralized Bank in Malta (https://www.coindesk.com/binance-exchange-backs-first-ever-decentralized-bank-in-malta/)
OKEx Accelerates Expansion to Malta – Help center - OKEx Support (https://support.okex.com/hc/en-us/articles/360006882871-OKEx-Accelerates-Expansion-to-Malta)

No, every country have their own needs and necessity so they are not require to follow what are the trends on another place unless this trends will help the government and its people but if no, they need to use another method for acquiring their goals and visions.

   I think every country has different needs and problem,different mission and vision.What i mean is other countries not necessarily follow Malta unless what Malta did is also needed to their country.

It is not if we think,  it will happen naturally. By the time other country sees the impact crypto is making in Malta's economy,  they will adjust. Meanwhile congratulation to Malta for being a Pioneer of where we are going.

Small economies with non-natural resources (or little of it) have always had to seek diversification to get their economies going. Singapore probably showed the way as a tech nation, as did former USSR countries, coupled with so-called knowledge economies. These new renewable resources have done really well for them. We also saw a lot of these far-away island nations become offshore financial institutions, but with global regulations on tax optimisation, these old models are becoming obsolete.

Blockchain and fintech is the next, credit to the likes of Malta and Gibraltar to get ahead of the queue. But it's not for every country. I'd still say Japan's a lot farther ahead in terms of useful blockchain/crypto use.

Your comment deserves to be merited. Nice observation and little insight how things stand in the world. It's basic, everyone should know this facts and how things works on global stage.
It's not for every country, bottom line! Japan should be example for other countries, islands like Malta is will always be some kind of financial paradises for people who wish to avoid some financial regulations.
Great comment, you said everything right without mistakes. Others should read it and try to understand it, keep up with great comments.

I personally think that it should be. As the blockchain technology continues to develop and improve, blockchain technology will be more and more applied to people's work and life, and there will surely be more and more countries accepting and applying the zone. Blockchain technology, this is the trend of historical development

Blockchain and fintech technology are recognized and regulated by the state in Malta, Singapore, Switzerland, Gibraltar, Estonia, Belarus, Uzbekistan will soon join them. This line is increasing and it is very pleasing that before the recognition of crypto is not far.