The Malta Digital Innovation Authority was officially established yesterday during the Delta Summit, a gathering of innovators, entrepreneurs, academics, and regulatory bodies under one roof.
The authority, spearheaded by CEO Stephen McCarthy, will be responsible for promoting all governmental policies that promote Malta as the centre for excellence for technological innovation, while setting and enforcing standards that ensure compliance with any other international obligations.
The authority seeks to protect and support all users and encourage innovation by allowing for maximum flexibility when it comes to the certification of innovative technology arrangements.
Presently, the MDIA is issuing a set of guidance notes aimed at assisting service providers and Innovative Technology Arrangements Applicants when approaching the MDIA for registration and certification respectively. These guidelines are divided into four chapters.
Parliamentary Secretary Silvio Schembri welcomed the establishment of the authority, saying that it would put the three pieces of legislation enacted by Parliament into practice, and consequently establish Malta as the first regulated DLT platform, continuing to attract even further investments in our country.