Malta is to use blockchain technology to improve the efficiency of its Financial Service Authority agency. The move follows a 55% increase in the number of companies registering on the island between 2012 and 2019. At the end of 2018, the registry demerged from the country’s Registry of Companies, and the streamlining of the agency includes a move to new premises. Last year, Malta’s parliament approved cryptocurrency and blockchain laws as part of the country’s plan to become a major blockchain centre, a move which has attracted an increasing number of start-ups to the island.
Malta is to use blockchain technology to improve the efficiency of its Registry of Companies agency. The move follows a 55% increase in the number of companies registering on the island between 2012 and 2019. At the end of 2018, the registry demerged from the country’s Financial Service Authority, and the streamlining of the agency includes a move to new premises. Last year, Malta’s parliament approved cryptocurrency and blockchain laws as part of the country’s plan to become a major blockchain centre, a move which has attracted an increasing number of start-ups to the island.