Members of FinanceMalta were among some of the key industry players at a two-day event in the UK this week. The London Roadshow kicked off with the renowned Fintech Conference, the Global Blockchain Expo, followed by the Innovate Finance Global Summit. A bespoke evening event was also organised by the London Blockchain Foundation.
Over the course of two days talks were given by Malta’s Joshua Ellul, MDIA Chairman, Wayne Pisani, Partner at Grant Thornton and Daniel Bilocca, Head of Risk and Compliance at KSi Malta. COO of FinanceMalta Ivan Grech also spoke about what Malta can offer those in the sector. “A spectrum of regulatory approaches appears to be emerging, with at one end of the spectrum typified most strongly by Malta – ambitious, greenfield rule-sets giving both promoters and backers of new initiatives a purpose-designed legal framework, and at the other end, which perhaps best describes the US and UK efforts, a robust interpretation of existing laws and regulatory ‘safe space’ for certain approved innovators.”
He added: “Fintech has changed how we look at financial services; it is shaping how the next generation will interact and think about finance. Catalysed by the financial crash ten years ago, it has evolved into a powerful global movement driven by companies delivering ideas that harness the power of the digital age to create better, sustainable services for a more diverse community.”
“Over the past few years we have seen Blockchain and cryptocurrency regulation evolving from outright prohibition and cautionary guidance to emerging rules to encourage innovation while addressing known risks and maintaining alignment with relevant legislation,” said Grech.
The event was held at the historic Guildhall in the Moorgate area of London. As well as listening to keynote speakers, the event included panel discussions and solution-based case studies for key industries that are set to be disrupted the most by new technology, including legal sectors, retail, financial services, healthcare, insurance, energy, music, government and real estate.