In April, the Malta government is launching a new task force to advise on the implementation of the country’s national blockchain strategy.
According to Malta, the group will review proposals and make recommendations for a roadmap. Therefore, it will promote the use of technology in public sector services and processes.
On Friday’s announced, from seven financial services advisory companies the task force is calling for proposals. Alongside, with the ultimate goal being help to increase the digital economy in small nation.
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According to a press release:
“The Government is ambitiously looking into the setting up of a new regulatory function with the primary objective of harnessing the technology with a legal operational framework, serving as a bold initiative leading to the formation of an ideal ecosystem for those willing to invest in blockchain technology”.
However, it is the latest declaration which figures on exertions in the central Mediterranean nation. It has been moving to advance domestic technology use for some time.
For instance, on last December, stock exchange of country seems to use a blockchain to underlie its trading platform. Meanwhile, Joseph Muscat, Prime Minister, indicates support for and blockchains.
Remarkably, he adds, that cryptocurrencies could not be stopped by European Union leaders. Accordingly, the process becoming one of the rare world leaders to acknowledge the emerging technology.