The Prime Minister of Malta told in the UN about the benefits of blockchain and cryptocurrency

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The Prime Minister of Malta told in the UN about the benefits of blockchain and cryptocurrency

The Prime Minister of Malta, Joseph Muscat, in his speech at the meeting of the General Assembly of the United Nations spoke about the possibilities of the blockchain and cryptocurrency, calling them “inevitable” element of the digital future.

Joseph Muscat raised the issue of the formation of the blockchain of the island, saying that Malta is the first jurisdiction governing the technology, which previously operated in a legal vacuum. He further spoke positively about the virtual currency more transparent about how the money of the future which will greatly simplify the determination of integrity of companies.

In conclusion, the Prime Minister of Malta, added that the technology of distributed registry will have a positive impact on public health, the control of government and corporate spending, as well as helping to monitor the movement of humanitarian assistance to the final destination.

Since, as an island state started to enact legislation to regulate kriptonyte and development of the blockchain, cryptomeria began to move your business in its jurisdiction. For example, Binance opened a local unit and started to cooperate with the Maltese stock exchange.

It seems that the UN has estimated the potential of the blockchain, as the two units began to cooperate with the government of Sierra Leone to establish a national identification system technology.

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