Malta is attracting an important number of crypto and blockchain companies from all over the world. The country is now in talks with the Waves platform for it to be accredited in the island.
Blockchain Island Welcomes Waves
Malta’s president, Joseph Muscat, met this week with the CEO of Waves. The information was released by Waves this week in a blog post. Waves is a Russian blockchain platform that aims to become a decentralized place for crowdfunding and tokenized financial instruments.
The CEO Sasha Ivanov started negotiations with the Maltese government for it to work in the blockchain island. Aside from the Prime Minister of Malta, other representatives of the Maltese government were present at the meeting. The main intention was to discuss potential scenarios for the use of the Waves platform in the state’s government and corporate sectors.
Sasha Ivanov, Waves Founder and CEO, commented about the meeting:
“We are interested in this accreditation and are ready to start working with Malta’s legal experts to bring our ready-to-use blockchain solutions here: Waves for the financial sector and Vostok for the government and corporate sectors.”
In the last months, Malta has been working in order to receive different crypto and blockchain companies. For example, the two crypto exchanges Binance and Bitbay, have settled their headquarters in the island.
With clear and flexible regulations, the island has been attracting several companies to its territory. Currently, all over the world, countries are discussing possible regulations for cryptocurrencies and blockchain tech.
Joseph Muscat, said on this topic:
“Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.”
Waves Price Reacts
After the announcement, the Waves cryptocurrency (WAVES) grew almost 40% from $1.84 to $2.56 dollars. It was one of the biggest gainers of the week; and though the price came down just a bit, it has stabilized near the $2.30 point—over 30% above where it traded 30 days ago. Clearly, the news had a significant impact on investors looking for coins trending toward adoption.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.