This Mediterranean Island is Becoming an Unlikely Cryptocurrency Paradise
Guess where I was this Christmas? In the small island country of Malta.
Most Americans connect the Republic of Malta with the 1941 film “The Maltese Falcon,” which followed Humphrey Bogart as private investigator Sam Spade and his dealings with the Knights of Malta military order.
Malta’s location smack in the middle of the Mediterranean Sea made for a beautiful movie backdrop. But its strategic location has also long made it an important hub along trading routes for the physical exchange of goods.
It was occupied at various times by Romans, Moors, Persians, Ottomans, Brits, the French and even the Vikings. The result is a melting pot of cultures, cuisines, architecture and people that makes it one of the most beautiful places on the planet.
But I wasn’t in Malta for vacation. These days, the islands are becoming a hub for digital exchange. So, I went there to learn more about the Maltese government’s plan to become the epicenter of the crypto and blockchain universe.
Welcome to Blockchain Island
Malta is named for its production of pure honey from native Maltese honey bees. The ancient Greeks called the island Melitē, or “honey-sweet.”
On July 4, Malta passed three new cryptocurrency laws that establish a crystal-clear regulatory framework. This makes it the first country to do so.
But thanks to some recent, groundbreaking legislation that this little nation just passed, it has a big new nickname to live up to: Blockchain Island. That’s because the Maltese government claims to be the first country to comprehensively regulate the blockchain industry.
The result is that Malta offers a stable environment for crypto companies to operate in. They don’t have to worry about the government shutting them down from one day to the next.
It’s no wonder that crypto companies, including Binance, are flocking to Malta’s shores in droves.
Additionally, Malta is preparing to list a number of cryptocurrencies on its stock exchange. And even the banks are bending over backward to be crypto-friendly.
Related post: Malta: The new crypto capital of the world?
In short, there isn’t a more pro-crypto country in the world. And the Malta Blockchain Summit, which attracted 8,500 attendees, has become one of the key crypto events in the world.
It wouldn’t surprise me in the least if your next crypto wallet will be with a Malta-based exchange.
Even more important (and profitable) is the influx of blockchain companies to Malta.
Remember, blockchain technology makes it possible for a business to maintain complete control over how, when, what and who can access its data.
Blockchain allows a business to efficiently and securely share sensitive, private data — without those users having to give a second thought to cybersecurity.
I predict that the early blockchain movers to Malta will come to dominate the blockchain and cybersecurity businesses. That means they stand to make their shareholders a huge mountain of money.
In fact, I believe you can make much more money by investing in the stocks of those blockchain winners than in cryptocurrencies themselves.
I’m not suggesting that you avoid cryptocurrencies. What I am saying is that every crypto investor should have both — the top cryptocurrencies and the top blockchain stocks.
P.S. Despite last year’s massive price plummet in most digital currencies, the number of crypto investors DOUBLED in 2018.