Countries like France, Germany and the UK have already established regulatory frameworks for Bitcoin companies, users and traders. Other European countries have offered their unique regulatory frameworks with clarity, to ensure there exists no conflict between local businesses and regulators due to ambiguous regulations and policies like India.
Smaller countries such as Malta, an archipelago in the central Mediterranean between Sicily and the North African coast, have begun to consider Bitcoin as a legitimate currency and revolutionary technology. In fact, Malta’s prime minister announced the approval of a national strategy to promote Bitcoin and Blockchain technology.
In detail, Malta government’s vision is to transform Malta into the Silicon Valley of Europe. The country will focus on the development of innovative technologies such as Bitcoin and Blockchain technology to stay at the forefront of European technological innovation.
Do you agree Bitcoin have bright future in Europe?
I think Bitcoin have future in Europe and in the rest of the world,there is interest of many countries regarding Bitcoin and blockchain technology.Japan recognized this and accepted
BTC as legal method of payment and this was very good news and signal to others to follow the same path.
Malta is saw the opportunity and I hope they will succeed to become Silicon Valley of Europe.Other EU countries have adopted some rules and regulations regarding
BTC and blockchain technology and this is good for attracting new investors and opening new jobs.
The only thing that remains questionable is EU proposal to try identifying users of
BTC,as they say in order to prevent money laundering and terrorist financing.Something must be done regarding that,but many users do not like to lose their privacy when using
BTC.