Hong Kong – based cryptocurrency exchange group has announced plans to set up operations in 2020 . With another major Hong Kong - based exchange , Binance , also announcing plans last month to move to the small island nation , Malta is rapidly developing itself as a telecommunications hub . To this end , it is setting up the Malta Digital Innovation Authority , aiming to create a regulatory framework for encryption technology .
Hong Kong–based cryptocurrency exchange OKEx has announced plans to set up operations in Malta. With another major Hong Kong-based exchange, Binance, also announcing plans last month to move to the small island nation, Malta is rapidly establishing itself as a cryptocurrency hub. To this end, it is setting up the Malta Digital Innovation Authority, designed to create a regulatory framework for blockchain technology.