5 Countries with the Most Crypto-Friendly Policies

Despite their growing popularity, Bitcoin and other virtual currencies are still not accepted in many states and nations. There are varying levels of ‘crypto-friendliness’ in different countries, which refers to each government’s policy regulations to support (or against) cryptocurrencies. Some, like Ecuador and Bolivia, have banned the use of decentralized currencies altogether. However, others have a more accepting or positive stance towards crypto. These five are some of those countries that are generally crypto-friendly: Malta The small nation of Malta,…

University of Malta Students Use Blockchain in Voting for Representatives

Students doing Masters in Blockchain networks at the University of Malta are currently using the University's dApp to vote for student reps. According to their recent reports, this is the first instance that students use blockchain for voting. This dApp solution is centered on a blockchain digital identity platform, a product of Vodafone. It has super-advanced privacy features as a voting platform, and the students can fully take control of all their data without fearing an outsider's eye.  This blockchain-centered…

MFSA (Malta Financial Services Authority) Calls Out Two Unlicensed Exchanges

On the 25th March 2020, the Malta Financial Services Authority warned against Foxtrades and Coinmalex crypto exchanges. The two crypto exchanges claim to be licensed by the nation, but the MFSA denied the claims.  For instance, Foxtrades indicates that the MFSA licensed it as a category three service provider on its website. Nevertheless, the MFSA wished to alert the public that Foxtrades is not a Maltese registered company, and urged the public from undertaking any business or transaction with the…

The Malta Financial Services Authority (MFSA) Releases A Security Token Evaluation

On February 25, The Malta Financial Services Authority provided a paper highlighting 18 industry stakeholders' feedback on security token offerings (STO). The MFSA in July 2019, requested the stakeholders to help interpret and advise on the definition of STOs, and their basis for legal existence.  However, the published paper gives good feedback on the definition of security tokens and the possible ways of addressing the issues facing the assets within the Maltese market.  However, most respondents disagreed with the MFSA…