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ARTICLE · 11 JUNE 2018

Snapshot Summary Of Three Bills Related To Blockchain Technology

Ganado Advocates
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Malta has lately garnered an even faster momentum in pushing forward its status as Blockchain Island.

MaltaTechnology
Ganado Advocates
Ganado Advocates
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Malta has lately garnered an even faster momentum in pushing forward its status as Blockchain Island. Effectively quenching start-ups' craving for regulation, the Maltese Parliament is currently running through the second reading of three proposed bills, setting the stage for a robust and comprehensive principles-based regime. The ultimate objective is to foster a favourable environment for distributed ledger technology (DLT) platforms and related service providers, by filling the legislative gaps in what currently is a legal vacuum rife with a felt desired of legal certainty. The trident of proposed laws is namely made up of the:

  1. Malta Digital Innovation Authority Bill (the "MDIA Bill") which crystallises the establishment of a new authority, to be known as the Malta Digital Innovation Authority. It also outlines the guiding principles for this new public body in supporting the development of Malta as a centre of excellence for innovative technology arrangements.

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