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ARTICLE · 25 JULY 2018

Poland's Biggest Cryptocurrency Exchange Opts For Malta.

Following last week's publication of the DLT framework bills, this week brings further positive news to Malta's thriving blockchain atmosphere, with an announcement from Bitbay of their intent to relocate to the island.

MaltaTechnology

Following last week's publication of the DLT framework bills, this week brings further positive news to Malta's thriving blockchain atmosphere, with an announcement from Bitbay of their intent to relocate to the island.

Bitbay, established in 2014, is Poland's largest cryptocurrency exchange, offering 29 cryptocurrencies for trading and handling $9.4m in customer money (source: www.coinmarketcap.com).

In an announcement made on the 29th of May, the exchange stated that following many months of careful analysis, it would be relocating to Malta in view of the jurisdiction being "the most friendly jurisdiction for cryptocurrency in the European Union", and that it believes the Maltese jurisdiction is the one able to provide "the best solution".

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