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Author Topic: ‘Blockchain Island’ Thriving: Malta Set to Lead European Growth in 2020  (Read 135 times)
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November 08, 2019, 07:40:00 AM
 #1


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.

The growth forecast figures come courtesy of the EU Commission. The organization summarised the economic projections made for European Union’s member states in a report titled, “Autumn 2019 Economic Forecast: A challenging road ahead” on Twitter earlier today.


Source link right here

I feel happy for Malta to be honest. They've been consistent for their growing economy, especially adopting the disruptive blockchain technology in the island. Right now, my friend and business colleague is there attending the Medical Cannabis event and the Malta AI and Blockchain Summit.

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.

What would be your opinion or thoughts about this guys? Thanks in advance.

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November 08, 2019, 10:25:29 AM
 #2

Sounds to me like everybody wins. Companies have a regulatory-friendly environment, Malta is advancing economically, and the crypto industry has a place where it can freely develop and evolve. Good job Malta, way to set up an example for others to follow.

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November 08, 2019, 10:39:11 AM
 #3

The growth of Malta is much concerned with the adoption of new technologies. When things gets advanced they try to make use of the same finding the good in it at the earliest than other countries. The population is very low which makes them easy to implement any form of advancement which isn't possible with countries with big population. Over the years Malta is technology adoptive which has led many start-up to have their business registered on Malta. This is the major revenue generator for Malta in my view.

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November 08, 2019, 11:21:41 AM
 #4

I guess it shows that if a country truly supports blockchain it can help thrive their economy and even can aid in their growth. But I think the bulk of it comes from it's friendliness towards gambling industry as well. We all know that Malta is the "IGaming Capital" not just in Europe.

Quote
Today online gaming comprises 12% of the Maltese economy, generating €700 million and employing 9,000 people. Over 330 gaming companies, including giants Betsson, Tipico ,Betfair,  now call Malta home.

(https://www.maltatoday.com.mt/business/business_news/84106/the_future_is_golden_for_maltas_igaming_industry#.XcVOHb9S90s)

And as you can see, Malta is defying the odds, I mean the county is 10th smallest country in the world, and I think they're also the smallest amongst in the EU, but look at their economic growth, in the last 5-10 years all because of adopting "Blockchain Technology".

 
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November 08, 2019, 11:24:19 AM
 #5

Feel like that's just amazing to be honest, Malta has always been a great hub for a lot of crypto lovers, and a lot of crypto startups and other businesses do prefer residing in Malta compared to other countries due to the sort of ecosystem it has, as well as low tax benefits for companies. Pretty sure there is a lot of networking there as well, and it is very easy to get well known in that scene.

This is how other countries should be dealing with crypto businesses and their growth in their countries, Malta is a leading example of how blockchain/crypto companies are able to perform very well in a good enviroment.

 
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November 08, 2019, 02:41:30 PM
 #6

I wish them good luck. Maybe they will be able to influence market trends?
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November 08, 2019, 02:55:19 PM
 #7


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.

The growth forecast figures come courtesy of the EU Commission. The organization summarised the economic projections made for European Union’s member states in a report titled, “Autumn 2019 Economic Forecast: A challenging road ahead” on Twitter earlier today.


Source link right here

I feel happy for Malta to be honest. They've been consistent for their growing economy, especially adopting the disruptive blockchain technology in the island. Right now, my friend and business colleague is there attending the Medical Cannabis event and the Malta AI and Blockchain Summit.

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.

What would be your opinion or thoughts about this guys? Thanks in advance.

I think that some countries and cities think futuristically and this makes them leaders all over the world. The example of Malta is ideal, all countries should strive for this, but not everyone wants to do that
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November 08, 2019, 03:04:20 PM
 #8

Can Malta become the new cryptocurrency capital after France?
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November 08, 2019, 04:04:56 PM
 #9

Malta has positioned itself as one of the leaders in cryptocurrency regulations, they had a very progressive approach to cryptocurrencies including providing education to the citizens regarding blockchain technology, finance, and cryptocurrency.
Whenever a country become a safe haven for crypto, good things will follow, it's a technology of the future. As some of the biggest exchanges such as Binance located there, just imagine how much income from tax for such small islands.

 
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November 08, 2019, 04:31:06 PM
 #10


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.

The growth forecast figures come courtesy of the EU Commission. The organization summarised the economic projections made for European Union’s member states in a report titled, “Autumn 2019 Economic Forecast: A challenging road ahead” on Twitter earlier today.


Source link right here

I feel happy for Malta to be honest. They've been consistent for their growing economy, especially adopting the disruptive blockchain technology in the island. Right now, my friend and business colleague is there attending the Medical Cannabis event and the Malta AI and Blockchain Summit.

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.

What would be your opinion or thoughts about this guys? Thanks in advance.

Malta will be a powerful center for crypto and blockchain in 2020. I think that investors should take a closer look at this region, there is a huge prospect for creating projects and recruiting a highly qualified team.
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November 08, 2019, 08:50:05 PM
 #11

Really it great support from Malta is becoming the Blockchain hub now, the Malta government is adopting Blockchain and other distributed Leger technology.

This kind environment needs for all crypto business to do the great services in Blockchain technology so it will be helpful for others countries to know about power of Blockchain technology.

 
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November 09, 2019, 02:15:26 AM
Last edit: November 09, 2019, 02:49:25 AM by Darker45
 #12

It pays to be open-minded. More often than not, those countries that prefer to be stubborn and insist on their old comfortable ways will be left behind. Malta has gained the attraction, and even became a sort of an apple of the eye, of cryptocurrency companies around the world for being friendly to the new technology. While others are expressing reservations and even unfriendly stance toward crypto and blockchain, Malta is able to embrace it and therefore gained economic growth.

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November 09, 2019, 02:30:22 PM
 #13

And it pains me that the likes of EU is threatening to encapsulate the growth of Malta through blockchain and cryptocurrencies by means of saying legal implications and whatnot could harm the economy not only of Malta but also of the whole EU. They have been trying to hinder the operations of Malta and has been constantly checking whatever's happening in there for them to monitor everything. Trust me, they are not in it to prevent "money laundering operations" but to divert the money elsewhere and not just flourish in a single island.

Good for Malta for not giving in to the demands and to the scare-mongering made by the EU and its constituents. We see how things go whenever new tech is given a chance to grow.

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November 09, 2019, 03:19:54 PM
 #14

It pays to be open-minded. More often than not, those countries that prefer to be stubborn and insist on their old comfortable ways will be left behind. Malta has gained the attraction, and even became a sort of an apple of the eye, of cryptocurrency companies around the world for being friendly to the new technology. While others are expressing reservations and even unfriendly stance toward crypto and blockchain, Malta is able to embrace it and therefore gained economic growth.

I sincerely hope the economic growth is also experienced by low-income families living in Malta. And not arising another wide gap between the rich and the poor. Blockchain technology should elevate the status level of all kinds of people. So hopefully everyone is really winning on this system.

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November 09, 2019, 04:06:51 PM
 #15


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.

The growth forecast figures come courtesy of the EU Commission. The organization summarised the economic projections made for European Union’s member states in a report titled, “Autumn 2019 Economic Forecast: A challenging road ahead” on Twitter earlier today.


Source link right here

I feel happy for Malta to be honest. They've been consistent for their growing economy, especially adopting the disruptive blockchain technology in the island. Right now, my friend and business colleague is there attending the Medical Cannabis event and the Malta AI and Blockchain Summit.

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.

What would be your opinion or thoughts about this guys? Thanks in advance.
It seems to me that Malta is a very impressive country! Economic growth is a great indicator, but Malta is also a very tolerant country (human rights are protected). Moreover, it's a good democratic country, so it's also politically stable. It's surprising to see such openness and progressiveness in a country where 94% identify themselves as Catholic and only 4% are atheist, that is surprising for me.
I've heard about Malta being crypto-friendly, but at the same time about banks hesitating to allow opening bank accounts to crypto businesses. Hopefully, this country will lead the way and become better in terms of crypto policies (although it's not bad already).

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November 09, 2019, 04:13:06 PM
 #16

There are so many good altcoins from Malta and they are growing in crypto numbers, I remember Mb8Coin if I’m not mistaken and its actually a good coin. SEA countries should follow this one, because most of them are developing countries and my own place belongs to this, surely most of the country in Asia will start to adopt. Philippines will also be a good place for cryptocurrency, so much opportunity to grow and this is why we will follow the footsteps of Malta and other nations.

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November 09, 2019, 08:33:10 PM
 #17

Can Malta become the new cryptocurrency capital after France?

I didn't even know France was a cryptocurrency capital!!! Can you elaborate all crypto stuff going on in France?
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November 09, 2019, 10:34:56 PM
 #18



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.

The growth forecast figures come courtesy of the EU Commission. The organization summarised the economic projections made for European Union’s member states in a report titled, “Autumn 2019 Economic Forecast: A challenging road ahead” on Twitter earlier today.


Source link right here

I feel happy for Malta to be honest. They've been consistent for their growing economy, especially adopting the disruptive blockchain technology in the island. Right now, my friend and business colleague is there attending the Medical Cannabis event and the Malta AI and Blockchain Summit.

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.

What would be your opinion or thoughts about this guys? Thanks in advance.

I think one island is not enough to trigger main adoption of bockchain tech in different countries but it is a good start and some other may follow. Aside from cannabis are there any businesses that are progressively using the tech to enhance their capabilities? Because if that is the only main reason for the investors to go there then it will be hard for South East Asian countries to follow as their countries bans cannabis especially here in our place.

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November 09, 2019, 10:36:34 PM
 #19

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.

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November 10, 2019, 08:42:50 AM
 #20

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.

 
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