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ARTICLE · 19 JANUARY 2018

Malta To Regulate Blockchain Technology Services Sector

Finance Malta
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In the coming weeks, Malta is launching the world's first legal framework for the creation of a regulatory body to regulate services in the sectors of Blockchain, Artificial Intelligence, and IOT devices.

MaltaWealth Management
Finance Malta
Finance Malta
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In the coming weeks, Malta is launching the world's first legal framework for the creation of a regulatory body to regulate services in the sectors of Blockchain, Artificial Intelligence, and IOT devices. This was announced by Parliamentary Secretary, Silvio Schembri, when addressing the Unlock Blockchain Conference organised at the Dubai International Financial Centre. 

During the conference, attended by various high-level international investors interested in the blockchain technology sector, Silvio Schembri said that the Maltese Government worked closely with the industry to come up with a legal framework that satisfies the AML and KYC regulations, without stifling technology innovation in such a highly dynamic sector.

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