Describing it as “the dawn of a historic event,” Parliamentary Secretary Silvio Schembri said that he expected the first Maltese blockchain licence to be issued in second quarter of this year.
Mr Schembri, who was opening the Blockchain Governance World Summit in Seoul in South Korea, the biggest event of its kind in South Korea, also extended an invitation to attendees to the second edition of Malta’s DELTA Summit, which will be held between the 2nd and 4th October 2019.
The Blockchain Governance World Summit brought together leaders from across the globe to discuss and define the importance of blockchain global regulation.
Mr Schembri said Malta was “acutely aware that we are treading unchartered waters, and therefore we made sure to set up the necessary guidelines and standards in the best interest of the investors, operators, and consumers while aiming to protect and strengthen the credibility, seriousness, and reputation of the Maltese jurisdiction.”
Mr Schembri also referred to the MED7 Blockchain Declaration, through which seven Mediterranean countries will exchange information on this sector, and said that Malta was now serving as a blueprint for countries that are yet to explore this new emergent industry.
Mr Schembri said that Government is now looking into tapping new economic niches such as artificial intelligence through the work that is being done by the Malta AI Taskforce, and esports. A strategy for the latter is expected to be launched soon.