In today’s edition of Bitcoin in Brief we cover stories from various corners of the world. In Malta the parliament has enacted three crypto bills into law, in Bermuda the authorities want to create a new type of crypto friendly banks, and in New Zealand Kim Dotcom has lost his extradition appeal.
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Malta Enacts Crypto Bills
The parliament of Malta has given the final approval on Wednesday evening for three bills meant to create a welcoming regulatory framework for crypto ventures. The bills now enacted into law are the Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. The European island-nation has already been able to attract a number of players in the field thanks to the promise of these bills, including the exchanges of Binance, Okex and Bitbay.
“Through innovation, Malta is fast becoming a pioneer in economic innovation in order to strengthen its economy through the creation of a new economic niche. This is resulting in other bigger countries following the footsteps that Malta took in this field,” the Digital Economy secretariat stated.
#Malta
officially the first country worldwide to have holistic legislative framework regulating #blockchain & #DLT technologies. We will be the #global hub for market leaders in this new sector. Now for the implementation of #BlockchainIsland -JM @SilvioSchembri
— Joseph Muscat (@JosephMuscat_JM) July 4, 2018
Bermuda Wants New Type of Banks
Besides a welcoming government, a jurisdiction must also have a willing banking system, if crypto business are to integrate into the wider economy. In
