Starting a Business
Many entrepreneurs looking to start or grow a business are often faced with the hard decision of formulating a budget. However, figuring out what goes where and determining whether the company will meet the set goals is mandatory. So use this startup Malta practical guide to start planning your budget.read more
As a member of the European Union, Malta has experienced complete transformation in its economic activities. The country provides diverse business opportunities for expats living or coming to visit the country. In this article you will find some business ideas you can start today.read more
Malta is known for its high-class tourism and it might be pretty surprising to hear about Malta being touted as a destination for starting a business. However, the country offers a lot in terms of business environment to foreign investors.read more
Malta’s recent conference to discuss Blockchain and Cryptocurrency Regulation. The conference was opened by Parliamentary Secretary, Silvio Schembri who expressed the opinion that the Maltese Government was planning to launch a new Digital Innovation Authority Bill (DIA) which will operate as the only regulator for ‘Innovative Digital Technology’. The Technology Arrangements and Services Bill (referred to henceforth as TAS) was also mentioned by Dr Schembri, as was the keenly anticipated Virtual Currency Act. The triumvirate of bills will form the foundation of the Maltese Blockchain and Cryptocurrency Regulation.
In 2009, a seismic shiver ran through the financial sector. The global financial crisis was more than just a practical disaster. On a psychological, philosophical, and ethical level, it exposed crippling uncertainties within the financial arena. Like a weed in the heart of the garden, the roots of this failure ran frighteningly deep.
Virtual currencies, also known by the name crypto currencies, are an entirely digital form of money. They are unregulated by any financial authority, instead being entirely under the control of their developers. National and international banks do not oversee the use of virtual currencies, as there is no physical aspect to them, and they are therefore, not considered to be legal tender.
In recent months, Malta has attracted ample digital currency companies, so much, that its becoming renowned as, ‘blockchain island.’ Several large cryptocurrency companies decided to move or extend their operations to Malta, such companies like, Binance, Bet365 and OKEx.
Changpeng Zhao, the billionaire that is behind one of the largest cryptocurrency companies in the world, Binance is behind the planning of the new decentralised bank in Malta. The bank will be called Founders Bank, and there is a reason to it. One of the main features that makes the bank unique and special, is the fact that it will not belong to any single entity or individual.
Bitbay is a cryptocurrency exchange based in Poland which trades Bitcoin, Litecoin and Ether against currencies such as the euro and the dollar. Founded in March 2014, the company has found its growth hampered by the attitude of Polish banks which have proved unwilling to cooperate with the exchange.