Category: Economy

Posted on

Malta Budget Summary 2019

Categories Economy, Blockchain, Cryptocurrency, VAT, ICOs, Malta, E&S Group, Technology, Budget

Malta Budget Summary 2019

The 2019 Malta Budget was presented on Monday 22nd of October 2018. Finance Minister Edward Scicluna noted a number of economic improvements that have occurred in Malta over the past year, specifically highlighting the following:

  • The first half of 2018 saw a real GDP increase of 5.4%;
  • Public administration, professional services, distributive trades and tourism-related activities, together with gaming and betting activities remain the highest contributors to growth;
  • Public administration, gaming, professional services, distributive trade and tourism-related activities contributed to 81% of the aggregate salary income annual growth earned during the first six months of 2018;
  • During the first half of 2018, total private consumption increased by 6.6%;
  • The gainfully occupied continued to increase and labour market is operating at an unemployment rate of less than 4.0%;
  • Surplus increased to 12.8% of GDP in the second quarter of 2018.

All of these facts indicate a healthy economy with the real GDP projected at 5.3%, real investment levels to rise by 8.4%, and inflation expected to rise from 1.3% to 1.7% during 2019.

In terms of plans for 2019, the minister made announcements in the following areas.

Infrastructure and the Environment

A number of measures have been introduced that will tackle the need to upgrade public transport, roads, energy sources, and public health facilities. Investment will also be given to the Malta film industry with the Rinella studio facilities being upgraded.

  • Public transport will receive a further investment which will be used to upgrade existing infrastructure. Malta’s road network will also receive EUR100 million towards the 7-year plan that was announced during 2018’s budget.
  • The maritime and aviation industry will receive further investment and commitment towards its strengthening.
  • Significant funds will be invested in renewable energy sources and increasing energy efficiency awareness. This will include the upgrade of electricity distribution centres in Paceville, Marsaskala and Kappara, as well as new reverse osmosis centres, and a new water distribution tunnel between Pembroke and Ta’ Qali.
  • Significant investment will be given towards the upgrading of the Rinella filming and tank facilities in a bid to continue the popularity of Malta as a filming location for international productions.
  • There will be an upgrade of existing mental health facilities as well as a new mental health hospital, a new outpatients block, and a 500-car underground carpark at Mater Dei.

Regulatory Authorities

Investment in startups, SMEs, and Fintech business operating in or from Malta is expected to be forthcoming as well as additional trading options on the Malta Stock Exchange.

  • Further investment to support SMEs and infrastructure projects.
  • REITS will be allowed to trade on the Malta Stock Exchange for the first time.
  • Assistance to be given to local Fintech companies in the form of a Fintech Accelerator Programme.
  • An increase in partnerships with entities operating with the blockchain and cryptocurrency sector.


Significant effort will be made to curb tax avoidance and changes will be made to various residency schemes as an effort to continue the support for foreign talent.

  • The introduction of a new IP and trademark act will aim to encourage more business to Malta, as well as more innovation on the island.
  • Student visas and the Malta Residency and Visa Programme will continue its progressive stance to attract more foreign talent to the country.
  • The Anti-Tax Avoidance Directive will be introduced as of 1st of January 2019 and will represent a range of anti-tax avoidance measures including:
    • An interest limitation rule that will apply when the borrowing costs of a company exceed the interest that is received. Excess interest deductions will be capped at 30% of the EBITDA if the borrowing costs are under EUR 3m and they do not apply to financial undertakings.
    • If a company changes its tax residence or transfers to another jurisdiction, the company will be subject to exit tax on its accrued gains.
    • A controlled foreign company rule will be introduced which shall subject to tax in Malta profits which are derived by a direct/indirect subsidiary of a Maltese company, where the tax paid on such profits outside of Malta is less than half of the tax that would have been paid had the income been subject to tax in Malta. This rule shall be subject to certain minimum thresholds to be established by law.


Changes to VAT will encourage citizens to use other forms of personal transport and a lower rate of VAT will be payable on e-books and other digital publications, showing awareness of the digital economy growth.

  • Reduced VAT rate on electronic publications will include just 5% VAT on e-books and other digital publications.
  • Grant on purchase of bicycles and electric bikes, motorcycles and scooters with recipients receiving a 15.25% grant up to €400
  • Grant on domestic water purification apparatus with VAT charged to maximum of €70.
  • Refund of VAT paid on vehicle registration tax with the final tranche of VAT refunds on vehicle registration, registered in 2008 being paid during 2019.
  • Additional free-trade zones are expected to be announced.


Efforts have been announced to support the rental market, as well as to encourage first-time, and second-time home buyers.

  • Duty exemption for first-time buyers on purchase prices up to €150,000.
  • Reduction in duty for second-time home buyers will include a refund of up to €3000.
  • Duty on acquisition of property in an Urban Conservation Areas will be at a reduced rate of 2.5%.
  • Duty on property purchased in Gozo will stand at 2%.
  • The amount allocated for property rental subsidies will increase.
  • Landlords who rent property at an ‘affordable rate’ for seven years, will receive a Government incentive.
  • Equity sharing scheme whereby someone over 40 could receive a loan to purchase a residential home where the government would pay the interest.
  • Home equity release program whereby a pensioner can remain in their home and receive monthly instalment payments in exchange for the assignment of the right over the property or a proportion of it.

Social Matters

Important measures have been announced for those on low incomes, the elderly, and people living with disabilities. Pensions will increase and investment and saving options will be given to those over the age of 62.

  • An additional one day of leave entitlement will be given to every employed person in Malta.
  • The minimum wage will increase by EUR 3 per week.
  • The amount allocated to each recipient of Children’s Allowance will increase.
  • Families that earn less than EUR 20,000 per annum will see an increase of EUR 96 per annum.
  • Those that suffer from chronic illnesses will receive an additional increase of EUR 5.14 per week.
  • The COLA increase will amount to EUR 2.33 per week.
  • Those receiving pensions will gain an extra EUR 2.17 per week and measures shall be introduced to enhance the Third Pillar Pension Scheme and the Voluntary Occupation Pension Scheme. These include an increase of the tax credit from 15% to 25% of the qualifying contribution with private pensions.
  • Citizens over the age of 75 will receive a grant of EUR 300.
  • For those aged 62 and over, a Government savings bond will be available.
  • Compliant voluntary organisations duly registered and recognised by the Commissioner for Voluntary Organisations having an annual income not exceeding €10,000 shall benefit from a tax exemption.
  • Tax refunds granted during 2018 to employees earning less than €60,000 shall also be granted in 2019. These refunds range between €40 and €68, depending on the level of income.
  • The reduced duty rate of 1.5% currently applicable for qualifying business transfers effected by parents to their children shall be extended by another year.

The Digital Economy

Reiterating the Government’s commitment to the Digital Economy, measures to tackle taxation and AML will be introduced as well as additional efforts to encourage foreign investment and business.

  • An international taxation system will be developed and strengthened that will reflect the ongoing digitalization of the economy.
  • Additional Anti-Money Laundering measures will be adopted to support the increase in digital business.
  • Significant investment will be allocated to blockchain, artificial intelligence, and the internet of things startups and entrepreneurs on the island.
  • A feasibility study of 5G technology will be conducted.
  • The website will be launched with the aim of marketing Malta’s efforts in disruptive technologies and innovations.

To find out how the Malta Budget 2019 will effect you, your business, your operations, or your employees, contact E&S Group today by sending us an email on [email protected]

Read More
Posted on

Eurostat released high promising figures showing Malta’s surplus

Categories Economy, Malta, Governance, UN, Budget

Eurostat released high promising figures showing Malta’s surplus

On the day that the Finance Minister is expected to deliver his budget speech for 2019, the National Statistics Office (NSO) and the Eurostat released promising figures showing Malta having the highest surplus within the EU.

The report was released by Malta Today, stated that in 2017 Malta registered its highest surplus of €392.7 million. This is equivalent to 3.5% of the Gross Domestic Product (GDP). Moreover, the Gross consolidated debt has amounted to €5.7 billion equivalent to 50.9% of Malta’s GDP, which is less than the previous year by €64.3 million.

Statistics show that the total revenue generated by the Maltese government in 2017 stood at €4.4 million, which is a substantial increase of €554.3 million from that in 2016. Moreover, the total amount of expenditure compared to the previous year have amounted to €4 million resulting to an increase of €257.9 million.

The figures show that the gross consolidated debt have decreased by €64.3 million compared to last year, now standing at €5.7 billion, amounting to 50.9% of the GDP. This figure abides by the Maastricht Treaty set by the EU stating that all member states need to follow “sound fiscal policies, with debt limited to 60% of GDP and annual deficits no greater than 3% of GDP.”

This report has shown that Malta has reached a good surplus of 1.7%, which is higher than Cyprus, which holds the second place of surplus reaching 1.8%. This is followed by Sweden, Czechia, Luxembourg, the Netherlands, Bulgaria and Denmark, Germany, Croatia, Greece, Lithuania and Slovenia.

In a tweet Prime Minister Joseph Muscat wrote “#Malta had the highest fiscal surplus in the #EU in 2017, as confirmed by @EU_Eurostat. Data for first half of 2018 indicates similar trend. In #maltabudget19 we will continue rolling out our economic and social strategy -JM”


Tonight, Malta is anticipating the Budget measures that will be proposed by the government. If you interested to know what will be said during the budget follow this link to know more. If you would like to open up a company in Malta and need a professional guidance, drop us a line by sending us an email on [email protected] and we will ‘make things happen’.

Read More
Posted on

Why our world needs tokenomics?

Categories Economy, Blockchain, Cryptocurrency, Regulatory, ICOs, Technology, Trading, Tokenomics, Tokens, Market, Market Cap, Cryptoeconomics

Why our world needs tokenomics?

There is no doubt that blockchain technology is going to pay a pretty big part in our future. Blockchain has the capacity to unlock a previously untapped economy of trust and it also has the potential to completely revolutionise many sectors from finance to healthcare and everything in between. But before it can reach its full potential, there is one extremely important thing missing: an established and well thought out theory of tokenomics.

Moving forward with blockchain technology and its implementation will require a significant increase in the advancement of tokenomics analysis. We are currently in the midst of a truly unchartered territory – governments and regulatory authorities don’t have a clue what is happening and even those involved directly in the industry are lacking clarity and certainty. Whilst the concept of tokenomics has been around for centuries, there is not much knowledge on artificial economies such as the of crypto world. One way that token economies can be analysed more closely is through the use of agent-based modelling, but there is still a lot of work to do.

Why study token economics?

Firstly, because tokenomics is extremely important. With the advent of blockchain technology, we are seeing more and more startups move towards using market business models. These models facilitate the incentivisation of users to make them more proactive in their day to day life. For example, a government could incentivise users to pay their taxes over the blockchain network. A retail company could offer discounts if clients use the blockchain to make their payments. Knowing and understanding how best to create and promote rewards through a particular economy requires a proper understanding of tokenomics models.

Also, token economies can also fall foul of all the problems that traditional economies have. For example, inflation, volatility, and crashes are all issues that can affect the long-term viability of a blockchain based business. Token economies do make it possible, however, to automatically collect data on transactions which can then be used to calculate metrics such as the total traded volume or the velocity. The tokenomics research community has a lot of work to do when it comes to being able to utilize the unique opportunities that are offered by the blockchain. By doing this they will be able to better understand how to solve some of the presented challenges.

The issue of token pricing

Some of the other issues that are at the forefront of the challenges faced by the sector include understanding token pricing. There is no definitive answer on how tokens should be priced, or how many should be issued. There is also much work needed when it comes to the equation of exchange that is used to help derive valuations for cryptocurrencies, some of which can be used to provide a better understanding of token pricing for ICOs. The problem is that at the moment, there is no proper model around this topic and until there is, the sector will struggle to find its feet.

Long-term viability

Many ICOs that have been launched made use of a model where tokens are disposed of as they are used up. This means that as the number of tokens decreases, supply becomes limited and the price goes up. Whilst this is attractive to investors and speculators, it doesn’t give much information or hope for the long-term viability of the token.

Controlling speculation

Unfounded speculation has caused untold amounts of damage to the crypto-economy, but it can also be one of the driving force behind the popularity surge of cryptocurrencies. Speculating and trading are not bad things per se, rather it is when they get out of control and result in market crashes similar to the one that we saw in January. Control needs to be exerted so that speculation is allowed, but does not wield power that can see a market decimated in days.

The economics of the future

Blockchain is not going anywhere anytime soon and it is becoming clearer that it is set to become an integral part of our lives. ICOs have raised an astonishing $6.5bn to date, but without a proper tokenomics model, many are sadly destined to fail. As ICOs mature, the same is required by tokenomics and understanding topics such as the ones mentioned above is an integral part of blockchains long-term success.


Are you looking for ICO Legal Advice? Click this link to know more.

Read More
Posted on

London Fintech Week discussed women’s involvement in this space

Categories Economy, Blockchain, Cryptocurrency, ICOs, E&S Group, Technology, Trading, Woman, London FinTech week

London Fintech Week discussed women’s involvement in this space

During London Fintech Week which took place between the 6th and 13th July, brought experts in the blockchain, fintech and crypto industry together to discuss issues about the new fintech technologies.

At the moment, Fintech is surging in popularity. Many financial sectors are embarking on Blockchain based technologies to keep up with this growing industry. Although blockchain is looked at as a field controlled by men, a number of women started to involve themselves in the Blockchain industry. In fact, one of the key panel discussions spoke about, ‘Women in Blockchain’.

Women in Blockchain

Since the blockchain industry is growing at a steady pace, only a small percentage of women work in the sector.  However, a substantial interest has been noticed in women joining the blockchain revolution. In a panel, made up of women involved in blockchain discussed ways how more women need and can be involved in the industry. They also mentioned the need for men in the industry to support women by creating more opportunities for them.

Women are attending many Blockchain and Fintech conferences, participating in hackathons being organised. The main aim of these women is to explore new areas in the sector and networking with possible partners for their company they represent.

At the moment we are seeing a number of women setting up their projects, one woman, in particular, is the co-founder of Neufund Zoe Adamovicz. Moreover, a substantial shift is seen within the fintech sector, with more women working alongside men, while others are known leaders in the industry.

One other point the panel emphasised was that the blockchain industry needs more women to be empowered and engage in this ever-expanding industry. Although the technology and financial industry are dominated by men, women from an integrated part with this dynamic space. Women are also the game changers to this ever-growing industry and should actively participate in the Blockchain revolution!

If you need to know more about our ICO Legal Services offered, please click this link. You can also call us on +356 2010 3020 or by email on [email protected]


Read More
Posted on

Dr Christian Ellul interviewed by Lawyers Monthly Magazine

Categories Economy, Blockchain, Cryptocurrency, Malta, The Blockchain Island, E&S Group, Technology, Interview

Dr Christian Ellul interviewed by Lawyers Monthly Magazine

The August edition of “Lawyers Monthly” magazine features an interview with E&S Group director, Dr Christian Ellul. During the interview, various topics were discussed most of which centered around the blockchain, cryptocurrencies, taxation and regulations passed by the European Parliament and Malta.

Although many regulations are being passed in different countries around the world, most particularly, Malta, not every aspect of the industry is being directly regulated. In fact, cryptocurrencies do not have “specific tax laws, regulations or guidelines”, hence “the general principles of taxation would need to be applied” stated Dr Christian Ellul.

He stated that “the current volatility of cryptocurrencies makes them impractical substitutes for the more stable FIAT currencies.”

However, “the moment people will lose faith in a FIAT currency, usually due to the questionable actions of central banks, they can fall back onto these decentralised currencies, which by their very nature, cannot be controlled or influenced by a central authority.”

If you would like to continue reading the interview please click here.

For further information regarding the services offered by E&S Group, please visit this page. Contact us directly on +356 20103020 or by email at [email protected] to find out more.


Read More
Posted on

Stock analysts say that crypto is tipped to continue rising 

Categories Economy, Blockchain, Cryptocurrency, ICOs, Bitcoin, Ethereum, Market, Market Cap

Stock analysts say that crypto is tipped to continue rising

A prominent stock analyst Ronnie Moas has stated that the value of cryptocurrencies will continue to thrive in 2018, rising to all-time highs. He believes that cryptocurrencies are poised to take market shares away from stocks, bonds, and other currencies and that this is just the beginning.

In a report published last week, Moas, the founder of Standpoint Research and leading independent analyst has remained positive in his predictions for the future of the sector. After spending last month testing out a range of virtual currencies, he wrote that he expects coins such as Bitcoin and Ether to continue, with the value of Ether doubling by the end of 2018. He has previously tipped Bitcoin to reach an all-time high of $50,000 in the next 10 years.

At the moment, one Ether token is worth $219, an increase of 5% on the previous week, whilst a BTC is valued at $3000. Moas’ report also featured predictions for the alternative cryptocurrency, Litecoin, stating that he believes it will double to $80 by the end of the year.

“In my view, the genie is out of the bottle, and cryptocurrencies will continue to rise and take market share away from stocks, other precious metals, bonds, and currencies,” Moas told CNBC.

His ultimate message to investors is to have a go at investing in cryptocurrencies.

“I think investors should take a shot on this and hold for a few years. If you lose a few bucks, at least you took a shot. In life, you miss every shot that you do not take. It will probably be more upsetting to watch it (from the sidelines) go up another 1,000 percent.”


To know more about ICO legislation in Malta please follow this link.

Contact us directly on +356 20103020 or by mail at [email protected] to find out more.

Read More
Posted on

Doing business in Africa to be simplified using Bitcoin

Categories Economy, Blockchain, Cryptocurrency, ICOs, Bitcoin

Doing business in Africa to be simplified using Bitcoin

Despite what some of the critics say, Bitcoin has the ability to make a truly positive impact on the financial industry. A start-up called BitPesa is doing its best to infiltrate this tricky economy and to disrupt the African financial cycle by introducing Bitcoin-based solutions.

The African market is one of the global leaders when it comes to remittance transfers. Many Africans travel abroad for work and send a percentage of their earnings back home. This business has boomed over the last decade and companies such as MoneyGram and Western Union are leading the market across the board.

Remittance providers far from perfect

Despite their incredible popularity and slice of the market share, these remittance providers are far from perfect. More often than not, users need to travel hours to pick up their money and the fees that are associated with transfers can be expensive, especially to those in a third world country. In other words, the price that these people pay for convenience is quite steep and many have an issue with the fact that these firms are profiting from the desperation and poverty of millions.

This is where Bitcoin and other virtual currencies come in. The fact that cryptocurrencies don’t recognise borders and have no requirement for an intermediary means that they are a super cheap and efficient equivalent. Companies such as BitPesa are definitely in the right place at the right time but there are still challenges and setbacks that they will need to overcome before they can compete with the more established players.

Bitcoin paving the way

BitPesa uses Bitcoin as a way of settling between different brokers. Unlike fiat currencies, using Bitcoin can remove friction and offer a much higher degree of liquidity in the African market. By embracing the truly decentralised nature of this new technology, BitPesa is proving just how useful Bitcoin can be in the future.

Whilst the volatility of Bitcoin is something of a thorn in its side, there are certain African currencies that experience similar if not higher levels of volatility. The CEO of BitPesa, Elizabeth Rossiello recently stated how Bitcoin can be easily purchased and sold within a matter of moments and on demand. Due to this, the issue of its volatility is not such a big deal as many make out.

BitPesa aims to help out local individuals and businesses by using Bitcoin. By offering a solution to the friction that is traditionally associated with conducting business on the African continent. BitPesa certainty has their work cut out of them but the potential that Bitcoin and other cryptocurrencies have for Africa are too great to be ignored.


Interested in Learning More about ICOs Legislation in Malta? Contact us directly on +356 20103020 or by mail at [email protected] to find out more.

Read More
Posted on

How blockchain is creating economies.

Categories Economy, Blockchain, Cryptocurrency, ICOs, Malta, The Blockchain Island

How blockchain is creating economies.

When it comes to disruptive technologies, Blockchain has to be the hottest trend for 2018. A totally incorruptible digital distributed ledger technology, it is inspiring innovative projects across the globe from behemoths like IBM to small agricultural startups in Kenya.

Blockchain technology removes the need for an intermediary and it also provides a layer of trust and transparency that is incredibly attractive to individuals and companies in a large range of sectors. Today, blockchain is not just used for financial transactions- it can be programmed to store virtually any kind of data such as personal information and identities. It offers the immutability of records that prevent the manipulation of data as well as making it virtually impenetrable to hackers. This has earned it the moniker the “Internet of Value” and those that adopted the technology early on, are not making significant waves in the sector of new technology. They are driving employment trends and investment dollars in a huge range of sectors, and blockchain is impacting entire regions and industries, disrupting everything in its path.

Countries such as Malta are positioning themselves as the jurisdiction of choice for cryptocurrency and blockchain companies, and industry giants such as Okex and Binance are even planning to relocate there. The Maltese government has drafted legislation centred around Digital Ledger Technology, virtual coins, and various related service providers and this will seek to attract even more investment. The influx of these companies is set to create a new economy for the small island nation, as well as helping to drive the growth of the industry as a whole.

Blockchain is able to impact entire industries that are ready and waiting to be disrupted, and as it does so, it creates new and exciting economies in the process. There are many sectors that are rife with inefficiency and fraud, and this technology has the ability to streamline their processes and ensure the integrity of data. Various governments are moving their services over to the blockchain as seen in the USA and Dubai. In addition, several large multi-national companies are upheaving their existing sectors and creating new industries in the process.

To know more about ICO legislation in Malta please follow this link.

Contact us directly on +356 20103020 or by mail at [email protected] to find out more.

Read More
Posted on

Malta to become a stepping stone to all ICO founders.

Categories Economy, Blockchain, ICOs, Malta

Malta to become a stepping stone to all ICO founders.

Malta’s government has taken a proactive approach with regards to ICOs, and crypto-exchange companies. Only last Friday, Binance, a crypto-exchange giant, announced that it will start operating its business in Malta.

Last February, Hon Secretary Silvio Schembri stated that the government is implementing blockchain regulation laws. This legislation will inevitably make Malta the first country in the world to fully regulate companies operating via blockchain technology. Malta’s government is setting up three bills in relation to DLT, one of which focuses on Virtual Currencies.

This needed regulation will provide ICO projects to open up their business in Malta. The government is planning to open up an authority vetting ICO companies using DLT platform. In fact, this authority will regulate such ICOs providing client’s assurance in the business. Although the public consultation is still in process, many start-up ICOs have already targeted Malta to open up their business.

In addition, an Asian-based ICO using blockchain technology has also tweeted the idea of opening their business in Malta. Justin Sun, TRON Foundation founder has praised Prime Minister Muscat’s vision.

During a speech Malta’s Prime Minister, Joseph Muscat said that cryptocurrency will become the “future of money”.  Moreover, he continued by stating that he is interested in the concept of cryptocurrency. The aspect of this digital form of currency has brought other means of money from what we are used to.

Dr Muscat asked his audience: “Have any of you ever thought about what gives paper money its value when it’s ultimately just pieces of paper? It is because society attributes value to it. Now some people, who in my opinion are geniuses, are arguing that value can similarly be attributed to virtual currencies.”

The Prime Minister stated that “These blockchain operating companies don’t care about our taxation system but are coming to Malta, because of our innovative regulatory structure that will certainly be the first, and I think also the best, in the world,”.

If Malta’s government will continue supporting this new approach, the island will inevitably see more companies using blockchain technology embarking on Maltese shores.

Are you looking for ICO Legal Advice? Click this link to know more.

Read More
Posted on

Binance, the world’s top crypto exchange moving to Malta.

Categories Business, Modern, Economy, Financial Services, Blockchain, Cryptocurrency, Regulatory, ICOs, Malta, ICO Legal Service, BankTags , ,

Binance, the world’s top crypto exchange moving to Malta.

One of the world’s largest cryptocurrency exchange by traded value is seeking a fresh start on a little Crypto island in the Mediterranean.

Binance, founded last year in Hong Kong, will soon start a “fiat-to-crypto exchange” in Malta. In an interview, Zhao Changpeng stated that it is planning to open an office on the island. He added that the company mission is currently close to securing a deal with local banks that can provide access to deposits and withdrawals.

Zhao mentioned that “Malta is very progressive when it comes to crypto and fintech.”

Since last year both regulators from China to the U.S. have been cracking down on cryptocurrency exchanges and businesses, leaving many companies like Binance struggling to find a stable base. Before, the company had an office in Japan however it struggled to get a licence to operate. Moreover, Japan’s Financial Services Agency issued a notice to the venue on Friday for working without consent.

Zhao’s venue was the world’s top-ranked exchange by volume for the past 24 hours, according to, trading about $1.7 billion.  He mentioned that he had recently been invited by the Maltese government to review an upcoming bill that was favourable to crypto businesses.

Malta came to play as policy makers and the government has held public consultations on regulating virtual currencies, token sales, and crypto-exchanges. Last month there was the unveiling of the plans by the Malta Digital Innovation Authority that will certify and regulate blockchain-based businesses and their operations which will also create a framework to oversee initial coin offerings, the Malta Independent newspaper said.

In the coming months, Binance, is currently underway to launch a decentralized exchange.

If you have any questions in relation to cryptocurrency or ICOs, please contact us on [email protected]

Read More