The blockchain industry initiative in Malta is a leap of faith that will establish it as a major hub for digital assets and their development in Europe, according to prime minister Joseph Muscat in an interview reported by Bloomberg.
“We’re taking a calculated risk,” he said yesterday in reference to the idea of stripping away “layers of bureaucracy” so that startups could establish a foothold on the island.
Aside from the recent blockchain-friendly policies that Malta adopted in the recent past, the country’s taxes with regard to foreign entities make it an attractive destination for companies that supply digital goods around the world.
While Muscat may be telling the truth, the calcul...
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