Malta to Register All Rent Contracts on Blockchain

Prime Minister Muscat announced the proposed initiative during a Radio One interview.

AccessTimeIconJun 24, 2019 at 3:00 p.m. UTC
Updated Sep 13, 2021 at 9:21 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Joseph Muscat, the Prime Minister of Malta, announced on Sunday that every rental contract in Malta would be registered on the blockchain. The announcement came during an interview on Radio One.

The prime minister said the reformed rental laws were approved by the cabinet after a long consultation period.

This initiative ensures security, prevents record tampering, and ensures only authorized persons can access the records, said Muscat. Additionally, the distributed ledger prevents the possibility of there being contracts in place for which there is no record.

“We will now be showing people the added value of this technology through applying it to something which they will use in their daily lives,” he said. “This shows how the digital transformation will affect their lives.”

Malta – also known as “blockchain island" – first made moves into the world of cryptocurrencies in July 2018, when they released a relaxed regulatory framework favorable to distributed ledger technologies. Electronic money, financial instruments, virtual tokens, and virtual financial assets were granted a path to legitimacy. By March of that year, Malta’s lawyers were reportedly tokenizing themselves.

A tolerant regulatory environment, educated workforce, and E.U. membership all contribute to Malta becoming a burgeoning hub of blockchain experimentation.

The government will reveal the full details of the proposed rent reform in the coming days.

Beach house image via Shutterstock


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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.