{"id":5998,"date":"2018-10-01T18:29:06","date_gmt":"2018-10-01T15:29:06","guid":{"rendered":"https:\/\/forklog.media\/?p=5998"},"modified":"2018-10-01T18:29:06","modified_gmt":"2018-10-01T15:29:06","slug":"maltas-prime-minister-says-cryptocurrencies-are-inevitable-part-of-digital-future","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/maltas-prime-minister-says-cryptocurrencies-are-inevitable-part-of-digital-future\/","title":{"rendered":"Malta&#8217;s Prime Minister Says Cryptocurrencies are &#8220;Inevitable Part of Digital Future&#8221;"},"content":{"rendered":"<p>During a speech addressing the general debate of the 73rd Session of the General Assembly of the United Nation, Malta\u2019s Prime Minister, Joseph Muscat, has stated he \u201cpassionately believes blockchain makes cryptocurrencies the inevitable future of money.\u201d<!--more--><\/p>\n<p>Muscat also stressed that Malta positioned itself as the \u201cblockchain island\u201d as it was the first jurisdiction in the world to regulate blockchain technology, which \u201cpreviously existed in a legal vacuum.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en-gb\">\n<p dir=\"ltr\" lang=\"en\">Amazing speech by the prime minister of Malta <a href=\"https:\/\/twitter.com\/JosephMuscat_JM?ref_src=twsrc%5Etfw\">@JosephMuscat_JM<\/a> ?? <a href=\"https:\/\/t.co\/byzbrjcQT0\">pic.twitter.com\/byzbrjcQT0<\/a><\/p>\n<p>\u2014 rallyqt (@rallyqt) <a href=\"https:\/\/twitter.com\/rallyqt\/status\/1045734913322995712?ref_src=twsrc%5Etfw\">28 September 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong>\u201cBlockchain makes cryptocurrencies the inevitable future of money, more transparent since it helps filter good businesses from bad businesses. But these distributed ledger technologies can do much more,\u201d<\/strong> he said.<\/p><\/blockquote>\n<p>Muscat went on to note that blockchain can create healthcare systems in which patients have \u201creal ownership of their medical records.\u201d These, according to him, can also help verify whether humanitarian assistance is reaching its intended destination.<\/p>\n<p>Malta&#8217;s PM also added, that blockchain tech can \u201cmake sure nobody is deprived of their legitimate property because of compromised data.\u201d Corporations, he noted, will be able to \u201cbecome more accountable for their shareholders,\u201d while states will \u201cneed to move to regulate an environment where citizens trust the handling of their own data.\u201c<\/p>\n<p>Malta\u2019s strong reputation for having a robust and transparent crypto regulatory climate has led several crypto industry leaders to relocate their operations to the island. Crypto exchange Binance first announced it was relocating its headquarters there in March \u2013 OKex and BitBay are two others that have followed suit.<\/p>\n<p>In June, the Maltese parliament approved three DLT- and crypto-related bills, consolidating the island\u2019s bid to remain at the forefront of blockchain innovation.<\/p>\n<p>Last month, Binance signed a <a href=\"http:\/\/forklog.media\/binance-and-malta-stock-exchange-sign-agreement-to-launch-crypto-trading-platform\/\" target=\"_blank\" rel=\"noopener\">memorandum of understanding<\/a> with the Malta Stock Exchange to launch a new digital exchange for security token trading, while Russia-based Waves Platform <a href=\"http:\/\/forklog.media\/waves-platform-opens-discussions-with-malta-government-on-tokenization-of-financial-assets\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> it started negotiations with the government of Malta regarding the company\u2019s accreditation in this Mediterranean country and potential scenarios for the use of the Waves blockchain solutions in the state\u2019s government and corporate sectors.<\/p>\n<p>Follow ForkLog on <span style=\"text-decoration: underline;\"><a href=\" https:\/\/twitter.com\/forklog_en\/\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/span> and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.facebook.com\/forklogen\/\" target=\"_blank\" rel=\"nofollow noopener\"> Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During a speech addressing the general debate of the 73rd Session of the General Assembly of the United Nation, Malta\u2019s Prime Minister, Joseph Muscat, has stated he \u201cpassionately believes blockchain makes cryptocurrencies the inevitable future of money.\u201d<\/p>\n","protected":false},"author":1,"featured_media":6000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,30,745],"class_list":["post-5998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-cryptocurrency","tag-malta"],"aioseo_notices":[],"amp_enabled":true,"views":"292","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=5998"}],"version-history":[{"count":3,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5998\/revisions"}],"predecessor-version":[{"id":6002,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5998\/revisions\/6002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/6000"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=5998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=5998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=5998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}