Malta's Government is Developing a National Blockchain Strategy

Malta’s government is reportedly on the cusp of embracing blockchain through the adoption of a national strategy focused on the tech.

AccessTimeIconApr 20, 2017 at 2:50 p.m. UTC
Updated Sep 11, 2021 at 1:15 p.m. UTC

Malta’s government is reportedly on the cusp of embracing blockchain through the adoption of a national strategy focused on the tech.

Malta Today reports that Prime Minister Joseph Muscat, during a speech this week, said that Malta’s Cabinet had approved the first draft of a “national strategy to promote blockchain”, though what the particulars of that policy may be remains to be seen. Muscat, the paper said, is planning to release the strategy for public comment in the near future.

He did, however, suggest that Malta might look to apply the tech to its land registry process – a concept other governments have begun embracing. Muscat also indicated that Malta’s health industry may also utilize blockchain.

The prime minister went on to say:

"This is not just about bitcoin, and I also look forward to seeing blockchain technology implemented in the Lands Registry and the national health registries. Malta can be a global trail-blazer in this regard."

A strong endorsement from Malta wouldn’t be that surprising, given past comments from Muscat himself. In late February, when addressing a conference in Brussels, Muscat called on EU leaders to embrace cryptocurrencies and support accommodative regulatory approaches to the tech.

According to Malta Today, Muscat returned to that point during his speech, saying that the EU shouldn’t shy away from taking an early – and positive – stance on cryptocurrencies.

"We must be on the frontline in embracing this crucial innovation, and we cannot just wait for others to take action and copy them," said Muscat. "We must be the ones that others copy."

Image via Wikimedia


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

CoinDesk - Unknown
CoinDesk - Unknown
A New Chapter of Web3: Solana Unveils Smartphone ‘Saga’; Moody’s Downgrades Coinbase

The most valuable crypto stories for Friday, June 24, 2022.

CoinDesk - Unknown
CoinDesk - Unknown
How Are Institutions and Companies Investing in Crypto?

From putting bitcoin on their balance sheets to setting up shop in the metaverse, the ways brands and institutions are investing in cryptocurrencies continues to expand.

CoinDesk - Unknown