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ARTICLE · 09 JULY 2021

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How Malta's System Is Embracing The Crypto Revolution

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"Bitcoin is now considered an investable asset" – reads the first sentence of the interview with Mathew McDermott, Global Head of Digital Assets at Goldman Sachs in the newly-issued report by the bank.

MaltaTax

This article was originally posted on Kluwer International Tax Blog.

"Bitcoin is now considered an investable asset" – reads the first sentence of the interview with Mathew McDermott, Global Head of Digital Assets at Goldman Sachs in the newly-issued report by the bank. With the recent buzz in the news about cryptocurrencies such as Bitcoin, Ethereum and Cardano we wanted to discuss how Malta has for a long time now had an open-door policy on this new class of assets.

Malta was at the forefront of regulating transactions involving cryptocurrency. Besides providing for a sophisticated regulatory regime for digital assets, in 2018 Malta also introduced tax guidelines on transactions involving digital assets, including cryptocurrencies.

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