RATE Group | Malta To United Nations: Cryptocurrency Is ‘Inevitable Future Of Money’
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Malta To United Nations: Cryptocurrency Is ‘Inevitable Future Of Money’

01 Oct Malta To United Nations: Cryptocurrency Is ‘Inevitable Future Of Money’

Posted at 19:23h in Cryptocurrency News by

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The prime minister of Malta, Joseph Muscat, told the United Nations that cryptocurrency is “the inevitable future of money” on September 27 — reiterating his faith in Blockchain technology. 

The ‘Blockchain Island’ Reveals Its Cards

Speaking at the organization’s 73rd General Debate, Muscat, who has presided over Malta’s official pivot to become a so-called ‘Blockchain Island,’ championed digital innovation and its regulation.

“Blockchain makes cryptocurrencies, the inevitable future of money, more transparent, since it helps filter good business from bad business,” he said. “But these distributed ledger technologies can do so much more.”

As part of Blockchain Island, the Maltese government has signed agreements and partnerships with emerging businesses including a raft of cryptocurrency exchanges to provide pioneering financial products and services registered in the country.

As Bitcoinist has reported, platforms Binance and Huobi have spearheaded the…

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