A Blockchain Reaction

Malta's proactive approach towards asserting itself as a leader in the regulation of virtual financial assets

Anyone taking even the slightest interest in FinTech over the past few years would be very much aware of the increased adoption of cryptocurrencies, ICOs and utility tokens as alternative methods of raising finance or creating a challenge to the world's standard 'fiat' currencies. These phenomena are not entirely new, with cryptocurrencies having risen from the proverbial ashes of the 2008 financial crisis. However, the increasingly widespread adoption of cryptocurrencies, which ostensibly create a medium of exchange that could challenge regular government issued money, have made them central to national and international efforts to address these phenomena through proper legislation and regulation. Perhaps – many argue – too little too late.