Malta is rapidly emerging as a leader in the crypto-asset sphere, and now accounts for the largest share of cryptocurrency trading volume globally.
This statistic emerges from a research report from the 29th of April on the online crypto-market by the prominent U.S. based Financial Services Company, Morgan Stanley. The research team, led by analyst Sheena Shah, established its findings using volume data from Coinmarketcap and company registration information listed on the websites of the relevant exchanges.
Malta currently hosts the world's largest exchange, Binance, and has attracted the attention of several other cryptocurrency and blockchain related entities, including inter alia, OKEx, Tron, Monaco, BigONE, Poseidon Foundation, The Abyss, and Neufund.
A prime factor in Malta's success owes to its National Blockchain Strategy, which has directed the crafting of a modern and well-defined regulatory framework on crypto-assets which is currently in its final parliamentary review stage and is expected to be promulgated shortly. As concluded by Shah, "[r]egulatory certainty is part of the attractiveness for the companies so they can plan for the future as they know what to expect."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
