‘Blockchain Island’ Thriving: Malta Set to Lead European Growth in 2020

[EdenHazard]

Malta looks set to lead Europe as the continent goes into its seventh consecutive year of economic growth. The island’s economy is forecast to expand by 4.2 percent over the course of 2020, driven, in part, by its embrace of blockchain technology.

we'll see if those projections hold up over time. the whole "blockchain island" narrative seems to be falling apart:
-bittrex just ceased their maltese operation and launched a new exchange in liechtenstein.
-in september, 11 months after moving to malta, zebpay left for australia.
-in august, coinone's malta-based exchange CGEX shut down after less than a year in operation.
-there have even been rumors circulating since february or march that binance is planning to leave malta: https://lovinmalta.com/news/crypto-giant-binance-denies-plan-to-quit-malta-we-will-continue-to-fully-support-blockchain-island

malta's financial authority seems to be clamping down hard on crypto platforms, and maltese banks are making it very difficult for them to obtain bank accounts. https://news.bitcoin.com/malta-might-be-blockchain-island-but-dont-try-opening-a-crypto-bank-account/

if these increased growth projections are based partly on crypto platforms, the numbers will probably be revised downward next year.

Malta well known as a country with the very friendly law to whoever want to launch a crypto projects/company there ... that's why they called as a bitcoin paradise besides how there's a lot of bitcoin exchange registered and make Malta as their headquarters due they found the law stricter at other countries but not in malta.

bittrex pulled out their homebase at malta due there's new regulations that authority will actively monitor exchanges to prevent money laundering. Does this means they are no longer cryptocurrency friendly? No longer deserve called as crypto paradise? I think so.

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[rdbase]

Can Malta become the new cryptocurrency capital after France?

Don't think France was ever the crypto-capital. It's more the Asian countries, Korea, China (in a different way) and Singapore. If I was forced to put a name on the capital, I'd pick Singapore due to the amount of crypto companies based their and their fairly lenient rules towards crypto companies.

I think everyone has been overhyping Malta, just a bit over the years. It's 10 percent company tax is surely profitable, and the abundance of networking that is done on the island is definetly immense.

As figment this - this is mostly due to the Maltese banks being a lot more strict and basically blocking a lot of these crypto exchanges/companies from opening accounts, or even at times freezing them.

This self proclaimed futurist says it is the UAE or dubai to be exact in being the new crypto capital which was filmed about a year ago.
Blockchain City - The Future of Cities Driven by Blockchain Full Movie 40 minutes.
https://www.youtube.com/watch?v=I6fadL-0VRw
It feels like a commercial towards blockchain groups so to immigrate businesses there where they plan to have a blockchain based government across all seven emirates by the year 2030.
Estonia is also mentioned later on you got to watch until the end.

[avikz]

bittrex pulled out their homebase at malta due there's new regulations that authority will actively monitor exchanges to prevent money laundering. Does this means they are no longer cryptocurrency friendly? No longer deserve called as crypto paradise? I think so.

No country can take financial decisions that may impact the entire world. Money laundering and terrorism  financing are indeed heinous crimes that need to he stopped at any cost! No matter how Malta wants to have a friendly attitude towards crypto, they have to comply at some level because of FATF which takes care of such issues worldwide!

But that's good I believe! Because if cryptos are used by criminals worldwide, that reputation loss for cryptos itself! As a crypto enthusiast, we must condemn any illegal activities that involves cryptos. So the monitoring activity is indeed needed to curb illegal usage! Malta is still a heaven with tighter security norms!

[Eclipse26]

I think they're doing a great job to be honest. I just feel like other countries should follow suit, especially in the Southeast Asia market. However, it's not easy to be consistent for economic growth, you know? There are always challenges and setbacks that are coming in their way, but they continue to thrive and it's hard for them to stop growing.

It's honestly great that Malta adopted blockchain technology and their economy is continuously growing. If the country, just continues doing it, they can be more successful. Me, as a person living in a Southeast Asian country, I'm also hoping that someday this kind of opportunity to adopt blockchain will also be possible in my country. But just to be true, I think it's hard for Southeast Asian countries to follow these steps since some countries there are still struggling to even reach other country's technological development. A big factor that can also affect it is with the governments' acceptance and support with blockchain.