Malta

Malta has welcomed cryptocurrency with open arms for the last two years—so much so, that several major crypto-related operations have set up shop there. In a bid to become the world’s greatest blockchain island, the company has brought major Asian exchanges Binance and OKEx, as well as Indian exchange Zebpay to its shores.

Now, the jurisdiction is once again putting blockchain technology to good use and embracing it wholly. The Prime Minister, Joseph Muscat, announced yesterday evening that every rental contract in Malta would be registered on the blockchain.

Rental Contracts on the Blockchain

The decision aligns with reformed rental laws that were finally approved by the cabinet after much deliberating.

According to Muscat, putting all rental contracts on the blockchain assures security and prevents tampering. Additionally, the distributed ledger prevents the possibility of there being contracts in place for which there is no record. Muscat has advocated for blockchain technology before, once calling cryptocurrency the “inevitable future of money.”

Coinbase 2

/**/

He furthers:

“We will now be showing people the added value of this technology through applying it to something which they will use in their daily lives […] This shows how the digital transformation will affect their lives.”

The full details of the proposed rent reform are expected in the coming days.

>> Facebook Wasting No Time Developing Recently Announced Libra Coin

Blockchain Island

Malta has garnered the name “blockchain island.” The reason is that it is a favorable jurisdiction for crypto business due to transparent and fair regulations. By positioning itself as a crypto hub, Malta hopes to enhance its economy and infrastructure by bringing in crypto-related business.

The move into the world of cryptocurrencies first came in July 2018, when the country released a relaxed regulatory framework that was favorable to distributed ledger technologies. Malta offers a tolerant regulatory environment, a burgeoning enthusiastic workforce, and EU membership with easy portals across Europe.

What are your thoughts on putting rental contracts on the blockchain?

Featured Image: DepositPhotos © blunker

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

Blockchain Island Malta to Put All Rental Contracts on the Blockchain 1
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

Leave a Reply

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 34,009.00
ethereum
Ethereum (ETH) $ 1,968.45
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 304.01
cardano
Cardano (ADA) $ 1.35
dogecoin
Dogecoin (DOGE) $ 0.238925
xrp
XRP (XRP) $ 0.651178
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 16.12
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 34,009.00
ethereumEthereum (ETH)
$ 1,968.45
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 486.63
litecoinLitecoin (LTC)
$ 133.52
bitcoinBitcoin (BTC)
28.522,50
ethereumEthereum (ETH)
1.650,89
tetherTether (USDT)
0,838675
bitcoin-cashBitcoin Cash (BCH)
408,12
litecoinLitecoin (LTC)
111,98
bitcoinBitcoin (BTC)
24,416.59
ethereumEthereum (ETH)
1,413.24
tetherTether (USDT)
0.717945
bitcoin-cashBitcoin Cash (BCH)
349.37
litecoinLitecoin (LTC)
95.86

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020
Mining City insists that it is legit
Mining City Refutes Claims By Philippines SEC Of Being A Scam
September 23, 2020

Blockchain/Cryptocurrency Questions and Answers

What Is Plethori Platform And How Does It Work?
June 12, 2021
What Is The Fudge Token?
What Is The Fudge Token?
June 5, 2021
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
May 31, 2021
What Is PancakeSwap And How Does It Work?
What Is PancakeSwap And How Does It Work?
May 27, 2021
How Has Internet Computer (ICP) Become A Top-10 Crypto?
How did “Internet Computer Coin”(ICP) Become A Top-5 Crypto?
May 19, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin34,131 0.26 % 0.07 % 10.94 %
Ethereum1,972.8 0.01 % 1.37 % 16.61 %
Tether1.000 0.02 % 0.72 % 0.43 %
Binance Coin305.85 0.46 % 1.44 % 11.72 %
Cardano1.350 0.10 % 5.47 % 8.82 %
Dogecoin0.2392 0.41 % 0.15 % 22.14 %
XRP0.6528 0.18 % 1.78 % 21.89 %
USD Coin1.000 0.07 % 0.00 % 0.30 %
Polkadot16.09 0.44 % 1.37 % 29.52 %
Binance USD1.000 0.19 % 0.11 % 0.50 %

bitcoin
Bitcoin (BTC) $ 34,009.00
ethereum
Ethereum (ETH) $ 1,968.45
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 304.01
cardano
Cardano (ADA) $ 1.35
dogecoin
Dogecoin (DOGE) $ 0.238925
xrp
XRP (XRP) $ 0.651178
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 16.12
binance-usd
Binance USD (BUSD) $ 1.00