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ARTICLE · 23 MAY 2018

Second Reading In Parliament For Blockchain Bills: The Malta Digital Innovation Authority Act

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The spearhead of Malta's new three-pronged legal regime on innovative technology arrangements and cryptocurrencies, the Malta Digital Innovation Authority Bill, was presented to Parliament...

MaltaTechnology
Dr. Jonathan Tonna
Dr. Jonathan Tonna
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The spearhead of Malta's new three-pronged legal regime on innovative technology arrangements and cryptocurrencies, the Malta Digital Innovation Authority Bill (the "Bill"), was presented to Parliament for its second reading, marking a fundamental step towards a new legislative milestone in Malta's efforts to become a trailblazer in the global blockchain revolution.

Once promulgated, the new Act will lay down the guiding principles of the soon-to-be-formed public body charged with the duty of promoting and developing Malta's new born innovative technology sector.The Malta Digital Innovation Authority ("MDIA") will be responsible for the certification of innovative technology arrangements and service providers in the field of distributed ledger technology, smart contracts and related arrangements.

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