Malta has become a cryptocurrency in the world. What is the investment prospect of immigrating to Malta?

With Bi an and OKEx, the two largest cryptocurrency exchanges in the world, planning to choose Malta in Europe as the operation center, analysts predict that other exchanges will follow suit.

Malta's Cabinet just approved three other bills at the end of April, one of which is the Virtual Financial Assets Bill, which provides a regulatory framework for cryptocurrency and ICO.

As the smallest EU member, Maltese government officials hope to increase Malta's wealth by making this Mediterranean island country one of the most cryptocurrency-friendly regions in the world. This move has attracted the attention of regulators in other countries.

Why is Malta attractive to the encryption world?

At a time when countries all over the world are worried about cryptocurrency, and even attack the development of cryptocurrency business, Malta is making rules to let exchange owners and users see the certainty of the future.

These rules cover how brokers, exchanges, asset management companies and traders should operate and will become a set of rules and regulations for the industry. "The proposed framework will provide legal certainty for areas that are not currently regulated," the Maltese government said in a consultation document. 」

The country's tax policy allows international companies on the island to pay tax rates as low as 5%.

What will Malta get in return?

Joseph Muscat, Prime Minister of Malta, said that he thought cryptocurrency was "the inevitable future of money" and would be the foundation of the new economy in the future. Even in the short term, the arrival of cryptocurrency companies will bring employment opportunities and promote active economic development.

Earlier, Qian 'an, the world's largest crypto exchange, said that after the company moved from Hong Kong to Malta, it would eventually "employ as many as 200 people" in the country.

What does this mean for cryptocurrency investors?

Transparent laws and legal certainty will have a positive impact on the cryptocurrency industry when it is plagued by fraud, hackers and regulatory attacks.

However, investors in cryptocurrencies should also be careful. Malta's recent economic achievements still can't hide some problems in the country, such as corruption and money laundering scandals, including the murder of a journalist who reported on the alleged corruption of senior government officials. Some EU members question the rule of law in Malta.

How do Malta's rules compare with those of the European Union?

The EU is studying the regulation of cryptocurrency, but so far no details have been released. This gives Malta the opportunity to take the lead in developing its own framework. If the EU formulates a stricter regulatory framework for cryptocurrencies that coordinates the opinions of many parties, it may mean that Malta can no longer maintain a loose policy.

What does Malta's leap forward mean for the center of other cryptocurrencies?

Malta is trying to pull the world encryption trading center to the west. Japan, South Korea and Hong Kong have held many exchange activities, and Asian investors are an important force in global encryption transactions. Last year, the China government cracked down on cryptocurrency transactions, while Japan took a cryptocurrency-friendly stance. Although the Japanese authorities are still open to digital currency, they have stepped up their scrutiny of the transaction. If more cryptocurrency exchanges flock to Malta, the uncertainty of regulatory policies in South Korea and Hong Kong may put these two regions at a disadvantage.

In Europe, Malta may face competition from another low-tax country, Switzerland. The Swiss Financial Market Regulatory Authority said that it would supervise some ICO activities and launched the "Encryption Valley" in Zug.

From the internet.

Are other companies looking for opportunities in Malta?

Yes, more and more companies began to pay attention to the opportunities in Malta after Bi 'an announced that it would move to Malta. In addition to Bi 'an and OKEx, the Berlin-based blockchain company Neufund and the blockchain game platform The Abyss also announced that they will set up offices. In March of this year, Sun, the founder of Wave Field, also said that he was "seriously considering" investing in setting up an operation center in Malta.