Regulation in the cryptocurrency industry is always a hot topic. It seems most of these developments are forcing companies to relocate to more crypto-friendly countries. A lot of companies are currently contemplating the move to Malta, which is quickly becoming a very popular place for cryptocurrency firms.

Malta is Quite Appealing

There are a few different reasons why Malta is so appealing to Bitcoin companies. The region is rather open-minded when it comes to regulating this industry. Its focus on blockchain and cryptocurrency is positive overall and allows for innovation. Several firms are actively looking to move to Malta due to regulatory pressure in their home country.

The government of Malta is also quite keen on improving upon this trend. According to a Tweet, the country sees this interest by cryptocurrency firms as a major economic achievement. Binance has already relocated to this European country, which has gained a lot of media attention. Other economic achievements include a low unemployment rate and highest economic growth in the EU.

.@MaltaGov's #Economic achievements in #March'18 

Reprint: JP BUNTINX Publisher:  JP BUNTINX

Source:  Author:  Taylor Helms

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