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Malta: The Bitcoin Island Paradise

With a population of less than half a million people and an economy largely fed by a thriving tourism industry, the Mediterranean island of Malta is likely associated with dreams of warm, blue ocean waters and cliffside villa vacations. However, for blockchain aficionados, Malta is well known as a technologically progressive country with an affinity for cryptocurrency and a firm commitment to its promotion and adoption.

Malta’s Prime Minister Joseph Muscat has confidently stated his belief that cryptocurrencies are “the inevitable future of money.” In a Dec 4, 2018 tweet, the Government of Malta expressed pride in its position within the EU as a global leader in promoting Digital Ledger Technology (DLT).

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