MaltaToday speaks with Christina Scicluna, Senior Associate at MAMO TCV Advocates on the concerns surrounding cryptocurrencies and whether the price fluctuations of cryptocurrencies pose a threat to the stability of the market. The way investors are protected and what may be done to increase such protection is also discussed. The interview discusses certain misconceptions surrounding cryptocurrencies, with particular focus on anonymity of users and whether the use of cryptocurrencies facilitates money laundering or whether this too is a misconception.

The hands-on approach and positive attitude which the Government has taken towards this new industry, as evidenced by the consultation document issued on the 17th February 2018  is indicative of Malta's intention to become a leader in blockchain and distributed ledger technology arrangements.

Read full article here.

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.