Malta wants to be known as the “blockchain island” and has moved further along that path by naming the first chief executive of what will be known as the Malta Digital Innovation Authority, the government has announced.
The announcement follows news this week that Malta’s parliament approved, on a second reading, two bills to regulate digital ledger technologies including blockchain, and virtual financial assets, CoinTelegraph reports. Lawmakers also passed a third bill creating the entity where McCarthy will be working.
Cointelegraph reports that several large cryptocurrency exchanges have recently moved their operations to Malta as the country has worked hard to burnish its crypto-friendly reputation. Read more here.