Malta was ranked as the third-best country in Europe to start a Blockchain company by BlockShow Europe 2018.
The study identified the top 10 European countries for starting a blockchain company, with Switzerland at number one for its positive regulatory dynamics and forward-thinking position on setting government guidelines for crypto start-ups, with the town of Zug acting as a “Crypto Valley.”
Gibraltar and Malta rounded out the top three due to similar dynamics and government participation.
“At a time when countries around the world are expressing ambivalence about сгурtоcurrencies, if not cracking down on them, Malta is writing rules that should give exchange owners and users certainty about the future,” the report said, mentioning Government’s proposed Distributed Ledger Technology (DLT) framework.
“Prime Minister Joseph Muscat said he believes сгурtоcurrencies are “the inevitable future of money” and will form the base of a new economy in the future. Even in the short term, the arrival of сгурtоcurrency companies brings jobs and the economic activity they spur,” the report continued.
“On top of that their existing national tax policy permits international companies on the island to pay a rate of as little as 5 percent. Because of that some major blockchain companies are moving their offices to Malta, including Binance – an international сгурtоcurrency exchange that previously resided in China and Japan and the world’s largest сгурtо exchange by traded value. Binance also said it will "eventually hire up to 200 people" in Malta to carry out its relocation from Hong Kong. That makes сгурtоcurrency trades surge in Malta, positioning the country as a leader in the field that has surpassed countries like Japan, Korea, China, and the USA.”
The best places in Europe to start a Blockchain company
4. United Kingdom
8. The Netherlands